Spodumene, the most widely exploited mineral source of lithium, has to be converted to lithium for industrial usage, which is then used to manufacture lithium-ion batteries widely utilized in portable electronic devices, electric vehicles and renewable energy storage systems. Albemarle will increase its interest in two spodumene conversion trains of the Kemerton processing plant in Western Australia to 85% from 60%, and will also operate them. MinRes will increase its interest in Wodgina Lithium Mine Project in the Pilbara region of Western Australia to 50% from 40%, offsetting Albemarle's increased stake in Kemerton.