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Next lithium giant says WA deals far too rich right now

The chief executive-in-waiting of one the world’s biggest lithium players says the valuations awarded to early-stage projects in Western Australia are far too high.

Paul Graves, who will lead the lithium giant set to emerge from the merger of Australia’s Allkem and New York-listed Livent, punctuated the deal frenzy highlighted by the takeover tussle unfolding around WA explorer Azure Minerals.

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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com

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    Original URL: https://www.afr.com/companies/mining/next-lithium-giant-says-wa-deals-far-too-rich-right-now-20231105-p5ehnu