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M&A focus back on the sector

Posted on - 10 May 2019

Category - Features

You wait for one bus and then two come along at once! Or so the saying goes. It seems to be a similar situation in bids for battery materials miners. What’s particularly interesting is that it’s one company with both bids. Not content with its A$1.5bn bid for rare earth producer Lynas Corp (ASX:LYC), ASX-listed retail conglomerate Wesfarmers Ltd (ASX:WES) has now doubled down on the sector and made an A$776m (US$544m) bid to buy Kidman Resources (ASX:KDR). In this month’s issue of Battery Materials Review, we ask whether the Wesfarmers/Kidman bid puts the sector back on the map? Log...

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Kidman Resources Lithium SQM Wesfarmers