Nov 21 (Reuters) - Albemarle Corp ALB.N :
* ALBEMARLE SIGNS EXCLUSIVITY AGREEMENT WITH MINERAL RESOURCES LIMITED FOR 50/50 FULLY INTEGRATED LITHIUM JOINT VENTURE IN WESTERN AUSTRALIA
* ALBEMARLE CORP - PURCHASE PRICE FOR ALBEMARLE'S 50% INTEREST IN JV WOULD BE US$1.15 BILLION
* ALBEMARLE CORP - ALBEMARLE EXPECTS TO FUND JV WITH AVAILABLE CASH AND NEW CREDIT FACILITIES
* ALBEMARLE CORP - IT IS EXPECTED THAT TRANSACTION WILL BE ACCRETIVE TO ALBEMARLE'S EARNINGS.
* ALBEMARLE CORP - EXPECTED THAT TRANSACTION WILL BE ACCRETIVE TO ALBEMARLE'S EARNINGS
* ALBEMARLE - WOULD MANAGE MARKETING AND SALES OF LITHIUM HYDROXIDE PRODUCED BY JV VIA ALBEMARLE'S LONG TERM AGREEMENT STRATEGY
* ALBEMARLE - PARTIES WOULD JOINTLY FUND, DESIGN, BUILD, OPERATE A LITHIUM HYDROXIDE PLANT IN STAGES AT WODGINA UTILIZING ALBEMARLE'S CORE DESIGN