Galaxy (ASX:GXY) and Orocobre (ASX:ORE) announce mega lithium merger


The Galaxy Resources Limited (ASX: GXY) share price and the Orocobre Limited (ASX: ORE) share price will be on watch on Monday.

This follows the news that the two lithium miners are looking at a merger.

What was announced?

This morning Galaxy and Orocobre announced that they have agreed to a proposed $4 billion merger of equals that will establish a new force in the global lithium sector.

According to the release, the merger will create the fifth largest global lithium chemicals company with a diversified production base and exciting growth platform. Management also notes that there is the potential to unlock significant synergies and realise value for all shareholders.

What’s…



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