---
schema_version: "secwatch.filing_event.v1"
accession: "0000915913-23-000052"
form_type: "8-K"
ticker: "ALB"
cik: "0000915913"
company_name: "ALBEMARLE CORP"
filed_at: "2023-02-27T23:59:59+00:00"
generated_at: "2026-06-19T00:19:43.251835+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Albemarle restructures MARBL Lithium JV, splits into Wodgina and Kemerton JVs; MRL to invest in China assets

## Summary
- Albemarle sells 10% of Wodgina to MRL for $216M, resulting in 50/50 ownership; buys 25% of Kemerton for $216M, raising stake to 85%.
- Net cash adjustments from AWPL to WLPL estimated at $100M–$150M; MRL to pay Albemarle ~$350M for past downstream costs.
- Australia completion expected Q2 2023; China completion (MRL acquiring 50% of Albemarle UK) expected H2 2023 or Q1 2024.
- MRL will fund 50% of costs at nominated downstream assets up to 100,000 tpa LCE capacity; Albemarle retains operational control.
- Marketing agreement terminated; tail volume of 1,000 kt/month of WLPL's lithium hydroxide sold to Albemarle US through Dec 2024.

## SEC filing metadata
- accession: 0000915913-23-000052
- form_type: 8-K
- ticker: ALB
- cik: 0000915913
- company_name: ALBEMARLE CORP
- filed_at: 2023-02-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915913/000091591323000052/0000915913-23-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915913/000091591323000052/alb-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915913-23-000052
- JSON: https://secwatch.observer/filing/0000915913-23-000052.json
- Plain text: https://secwatch.observer/filing/0000915913-23-000052.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.