---
schema_version: "secwatch.filing_event.v1"
accession: "0000915913-23-000169"
form_type: "8-K"
ticker: "ALB"
cik: "0000915913"
company_name: "ALBEMARLE CORP"
filed_at: "2023-10-20T23:59:59+00:00"
generated_at: "2026-06-09T19:25:47.874115+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Albemarle closes MARBL JV restructuring with Mineral Resources; expects $380-400M payment

## Summary
- MARBL restructuring closed October 18, 2023 after receiving required regulatory approvals.
- Estimated net payment of ~$380-400M from Albemarle to WLPL, including $180M for 15% ownership in two Kemerton lithium conversion trains.
- Transitional tolling agreement: Albemarle to convert up to 16,500 tonnes/month of spodumene for WLPL until first half of 2024.
- Following closing, MRL and affiliates have no further rights to lithium hydroxide produced at Kemerton assets.

## SEC filing metadata
- accession: 0000915913-23-000169
- form_type: 8-K
- ticker: ALB
- cik: 0000915913
- company_name: ALBEMARLE CORP
- filed_at: 2023-10-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/915913/000091591323000169/0000915913-23-000169-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/915913/000091591323000169/alb-20231018.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000915913-23-000169
- JSON: https://secwatch.observer/filing/0000915913-23-000169.json
- Plain text: https://secwatch.observer/filing/0000915913-23-000169.txt

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