Albemarle boss still in the market for Liontown

Albemarle chief executive Kent Masters considers the battery chemical giant’s $5.5 billion bid for aspiring lithium producer Liontown Resources a live offer, despite no meaningful discussions between the two parties for the past five months.

“I would say it’s a standing offering. We’ve not pulled it,” he said on Wednesday of the spurned $2.50 a share bid. The Tim Goyder-chaired Liontown is getting on with building what will be its flagship Kathleen Valley mine, having rejected its suitor in March.