Rockwood buys into lithium provider Rockwood Holdings ( ROC ) has secured part ownership of the world's largest and richest spodumene source of lithium by entering a joint venture with privately held Chinese company Chengdu Tianqi Industry Group to acquire Talison Lithium. Rockwood will pay $196M and receive a 49% stake in Talison while Tianqi is paying $204M and receiving 51%. Rockwood will also provide the JV with a two-year ...
Dec. 2, 2013 - Seeking Alpha