Reported about 6 hours ago
Rio Tinto has confirmed its interest in acquiring Arcadium Lithium for approximately $3.3 billion, signaling a strategic move to increase its presence in the energy-transition metals sector. This potential deal, aimed at enhancing Rio Tinto's lithium production capabilities, comes as the global lithium market shows signs of recovery following a downturn. Despite concerns from Arcadium investors regarding timing and valuation, industry analysts suggest the acquisition could be advantageous for Rio Tinto's growth in lithium operations.
Source: YAHOO