Rio Tinto locks in lithium future with $6.7bn counter-cyclical deal
In a counter-cyclical move, Rio Tinto on Wednesday announced a $6.7-billion acquisition of Arcadium Lithium, propelling the world’s second-biggest miner into the ranks of major lithium producers. Bringing Arcadium’s lithium business into its portfolio strengthens Rio Tinto’s presence in energy transition commodities,