Demand for lithium is growing as more electric vehicles require more lithium-ion batteries to make them go. The growth is causing some M&A action in the lithium industry and pushing shares of small-capitalization, early-stage lithium miners higher.
Monday evening, lithium miner
Albemarle
(ticker: ALB) disclosed it had submitted a proposal to acquire the Australian lithium start-up
Liontown Resources
(LTR.Australia) for 2.50 Australian dollars a share, or about $1.66.
Source: https://www.barrons.com/articles/lithium-stocks-hostile-bid-albemarle-liontown-76879b8c?siteid=yhoof2&yptr=yahoo