Australia's Orocobre buying Galaxy for $1.4 billion to create world No.5 lithium miner
By Victor in Business
Updated 3 years ago
MELBOURNE (Reuters) -Australian lithium miner Orocobre Ltd is buying smaller domestic peer Galaxy Resources for $1.4 billion to create the world's fifth most valuable producer of the key raw material for electric vehicle batteries. The all-stock deal for A$1.78 billion ($1.38 billion)announced on Monday, which will also establish Australia's most...