Carl
After such a big run in the stock, seeing new money come in at a premium from a $24B leader in the industry is a very significant stamp of endorsement. ALB has a standstill agreement for a year (at 4.9% ownership max) but clearly wants to have a 'seat at the table' in case Corvette (one of the largest lithium projects in the world) becomes available for sale in the future. PMET still needs to be considered risky, but the 'put your money where your mouth is' move certainly gives us more confidence. For speculators, with a nod to the risks of the sector, it looks better now.