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.