Gina Rinehart has cast a growing shadow over Albemarle’s $6.6 billion takeover bid for lithium play Liontown Resources.
Gina Rinehart has increased her strategic stake in Liontown Resources and further complicated battery chemical giant Albemarle’s $6.6 billion takeover tilt at the lithium prize.
Rio also has its foot on 46,000 hectares near the Mt Ida lithium project owned by Hancock and Mineral Resources-backed Delta Lithium, about 200 kilometres south of Kathleen Valley. Hancock has signalled it will at least seek a seat on the board, and said that it has the expertise to help finish building and then to operate Kathleen Valley.
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