19
Apr
13:10
LITHIUM: Orocobre, Galaxy to merge into world’s 5th largest lithium company
Lithium producers Orocobre and Galaxy Resources announced Monday they are merging into the world’s fifth largest lithium chemical company both in terms of market capitalisation and resources.
Under the AUD 4 billion ($1.4 billion) deal, Orocobre will acquire 100% of the shares of Galaxy Resources and form a new entity, yet to be named. Orocobre shareholders are expected to own 54.2% of the shares in the merged company, and Galaxy’s shareholders the re…
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Anonymous
Very good overview of the weekly steel market.
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