- Rio Tinto will acquire Arcadium Lithium for $5.85 per share, valuing Arcadium at $6.7 billion, to enhance its position in energy transition commodities.
- This acquisition aligns with Rio Tinto’s strategy, leveraging its scale and financial strength to maximize Arcadium’s lithium resources.
- The deal, expected to close mid-2025, requires regulatory and shareholder approvals.
- Arcadium’s operations span multiple countries with significant growth plans, making it a key player in the lithium market.
Wed Oct 09 06:42:16 -2024 UTC– Rio Tinto acquires Arcadium Lithium, enhancing its energy transition commodities leadership with a $6.7 billion deal, expanding lithium production and capacity, securing Tier 1 assets, and strengthening its position in the global market.
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