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Rio Tinto to acquire Arcadium Lithium for $6.7B
Rio Tinto Agrees $6.7 Billion Arcadium Deal. Why It’s Buying the Dip in Lithium.
Rio Tinto is buying Arcadium Lithium for $6.7 billion as the Anglo-Australian miner seeks to diversify beyond its primary products of iron ore, copper, and aluminum.Rio Tinto confirmed the deal in a press release early Wednesday.
Factbox-Arcadium Deal Could Power Rio Tinto's Entry Into Lithium Supplier Big League
Arcadium Lithium has a market cap of $3.31 billion and was formed by the merger of Allkem and Livent on Jan. 4, 2024. It has mining assets in Argentina and Australia, and downstream conversion assets in the U.S., China, Japan and UK.
Rio Tinto to buy Arcadium Lithium for $9.92bn
Rio Tinto has announced a deal to buy Arcadium Lithium for $US5.85 (about $8.70) a share, in a transaction valuing the target at $9.92bn.
6h
Rio Tinto boss Jakob Stausholm’s big lithium bet will play out over decades
Rio Tinto boss Jakob Stausholm laid the groundwork for his $US6.7bn ($10bn) lithium deal by a short meeting with Argentinian ...
canada.autonews
2h
Rio Tinto eyes EV segment with purchase of Arcadium Lithium, which owns a Canadian operation
Jason Beddow, managing director at Australian fund manager Argo Investments visited the companies' Canadian operations in ...
8d
Australia's Rio Tinto to develop lithium supply chain with UK firm
Australia's Rio Tinto has signed an agreement with UK refinery developer Green Lithium to develop a lithium supply chain ...
20h
Rio Tinto (RIO) Receives a Buy from Barclays
Barclays analyst Amos Fletcher maintained a Buy rating on Rio Tinto (RIO – Research Report) today and set a price target of £62.50. The ...
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