Reuters reported that Talison Lithium Ltd (TSX:TLH) is calling off its buyout agreement with Rockwood Holdings Inc (NYSE:ROC) because of a takeover bid from Chengdu Tianqi Industry Group Co. The Rockwood offer was C$724 million, while Tianqi valued Talison at C$847 million.
Money Morning Australia reported lithium is a rare earth that isn't controlled by China, and is a metal to watch from main exporter Australia.
Bloomberg reported Chengdu Tianqi Industry Group Co. will make an offer for Talison Lithium Ltd. (TSX:TLH) to exceed Rockwood Holdings Inc.'s (NYSE:ROC) bid.
CNBC reported A123 Systems Inc (PINK:AONEQ) will be auctioned December 6 as U.S. and Chinese auto parts makers bid for the bankrupt lithium-ion battery maker.
CNBC reported a Chinese company will provide bankruptcy financing for battery maker A123 Systems (NASDAQ:AONE) after a Delaware judge approved the move.
Mining Weekly reported Galaxy Resources (ASX:GXY) plans to raise A$81 million through a share placement plan to reduce debt and provide working capital for the Sal de Vida lithium project.
Mining Weekly reported Orocobre (ASX:ORE,TSX:ORL) finished a A$21 million share placement to fund the remaining construction at its Olaroz lithium project.
Reuters reported Panasonic Corp (NYSE:PC,TYO:6752) may curtail its expanded production of solar panels and small lithium batteries for electronics.
Businessweek reported bankrupt A123 (NASDAQ:AONE) is set to be purchased by automotive part maker, Johnson Controls Inc. (NYSE:JCI).
Seeking Alpha reported lithium is a commodity that may not get big trades and volumes, but is worth taking a closer look at for its practical applications.
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