Lithium Rush Heats Up With SQM's $1 Billion Azure Buy

(Bloomberg) -- Lithium mining giant SQM has won over Perth-based Azure Minerals Ltd. with a sweetened A$1.6 billion ($1 billion) cash offer, the latest deal as large battery-metal producers race to secure supply in Australia, home to some of the world’s richest deposits.Most Read from BloombergLi Keqiang, China’s Second-Most Powerful Man for a Decade, Dies at 68Tech Giants Signal Rebound as Amazon, Intel Rally: Markets WrapIsrael Latest: US Strikes Two Iran-Linked Facilities in SyriaControversia

Related Keywords

Chile ,China ,Andover ,Tasmania ,Australia ,Perth ,Western Australia ,Liontown ,Queensland ,Albemarle ,New South Wales ,Chinese ,Australian ,Chilean ,Gina Rinehart ,Bloomberg Businessweek ,Georgina Mckay ,James Attwood ,Azure Minerals Ltd ,Livent Corp ,Liontown Resources Ltd ,Bloomberg ,Metals Ltd ,Albemarle Corp ,Lithium Power International Ltd ,Rio Tinto Plc ,Allkem Ltd ,Tesla Inc ,Tianqi Lithium Corp ,Codelco ,Perth Based Azure Minerals ,Lithium Craze Sparks ,Stock Gains ,Liontown Resources ,Lithium Power International ,Tianqi Lithium ,Essential Metals ,Zure Minerals Ltd ,Lithium Mining ,Azure ,