Bankers hitting the phones on Wednesday put Pilbara Minerals and IGO in the unlikely box.
, who would have the first dibs on any lithium deal its Australian partner may want to strike. Sources reckoned it was possible the IGO/Tianqi tag team could size up Liontown, but they were in agreement the JV could slow things down.
Mineral Resources was in the too-hard bucket. It was unlikely to show up alone and bid against Albemarle, who is its joint venture partner at. It would be interesting to see if MinRes Chris Ellison links arms with Albemarle on the deal. [They share a link in JPMorgan]. ESG-obsessed mining billionaire Andrew Forrest’s Wyloo may not be able to resist a peek, but could be out of its depths given the $5 billion-plus asking price . South Korean steelmaker POSCO was another name tipped as a potential bidder in need of a partner – a role
Still, top of bankers’ lists were Wesfarmers and Rio Tinto. Both have spoken about keeping an eye on lithium MWesfarmers needs lithium for its Kwinana refinery if it decided to
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