Reported about 9 hours ago
Rio Tinto has confirmed its interest in acquiring Arcadium Lithium, a move aimed at enhancing its position in the lithium market amidst declining prices for the metal critical to electric vehicles. The potential deal could value Arcadium between $4 billion and $6 billion, granting Rio access to lithium mines and processing facilities across several countries. While talks continue, both companies caution that no agreement is guaranteed, leading to significant market reactions in share prices.
Source: YAHOO