Deals
Largest Lithium Deal Triggered by Smartphones and Teslas
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Surging demand for high-performance batteries triggered the largest-ever deal for lithium, the lightweight metal that’s a key component of the power systems in smartphones, electric cars and cordless screwdrivers.
Albemarle Corp. agreed yesterday to pay $6.2 billion in cash and stock for Princeton, New Jersey-based Rockwood Holdings Inc., the biggest producer of lithium.