Wesfarmers sells coal assets, invests in lithium
In a sign savvy investors are abandoning fossil fuels, the giant Wesfarmers (ASX: WES) conglomerate has sold out of coal and moved investments into materials used in lithium ion battery production. The company announced a $776 bid for lithium producer Kidman Resources (ASX: KDR) and its downstream operations. Wesfarmers offer is a massive 47 per…