Demand for lithium is growing as more electric vehicles require more lithium-ion batteries to make them go. The growth is causing some M&A action in the lithium industry and pushing shares of small-capitalization, early-stage lithium miners higher.
Monday evening, lithium miner
(ticker: ALB) disclosed it had submitted a proposal to acquire the Australian lithium start-up
(LTR.Australia) for 2.50 Australian dollars a share, or about $1.66.