---
schema_version: "secwatch.filing_event.v1"
accession: "0000915913-23-000160"
form_type: "8-K"
ticker: "ALB"
cik: "0000915913"
company_name: "ALBEMARLE CORP"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:55:25.906504+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Albemarle amends MARBL JV: will fully own Kemerton lithium conversion assets, pay MRL $380-400M

## Summary
- MARBL JV limited to Wodgina lithium mine; each of Albemarle (AWPL) and MRL (WLPL) to own 50% after closing.
- Kemerton conversion assets become 100% owned by Albemarle; WLPL sells additional 15% interest, with net payment of $380-400M from Albemarle.
- Various prior agreements terminated: supply term sheet, conversion agreement, investment agreement in China plants (Qinzhou, Meishan) remain 100% with Albemarle.
- Transitional tolling agreement: Albemarle will arrange conversion of up to 15,000 tonnes/month spodumene concentrate for WLPL until June 30, 2024.
- Closing expected in Q4 2023, pending Australian regulatory approval; MRL loses rights to Kemerton lithium hydroxide.

## SEC filing metadata
- accession: 0000915913-23-000160
- form_type: 8-K
- ticker: ALB
- cik: 0000915913
- company_name: ALBEMARLE CORP
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915913/000091591323000160/0000915913-23-000160-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915913/000091591323000160/alb-20230719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915913-23-000160
- JSON: https://secwatch.observer/filing/0000915913-23-000160.json
- Plain text: https://secwatch.observer/filing/0000915913-23-000160.txt

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