Rio Tinto to acquire Arcadium Lithium
Oct 9, 2024 · Rio Tinto and Arcadium Lithium plc (“Arcadium Lithium” or “Arcadium”) (NYSE: ALTM) (ASX: LTM) today announced a definitive agreement (the “Transaction Agreement”) under which Rio Tinto will acquire Arcadium in an all-cash transaction for …
Rio Tinto to acquire Arcadium Lithium
Acquiring Arcadium Lithium is a significant step forward in Rio Tinto’s long-term strategy, creating a world-class lithium business alongside our leading aluminium and copper operations to supply materials needed for the energy transition.
Rio Tinto to establish lithium unit post Arcadium acquisition
5 days ago · Rio Tinto is reportedly set to establish a standalone lithium division following the completion of its $6.7bn acquisition of Arcadium Lithium. The acquisition was announced in October last year and is expected to close by July 2025. It highlights the value Rio Tinto sees in Arcadium’s engineering expertise.
Acquisition of Arcadium Lithium | Global - Rio Tinto
Oct 9, 2024 · Creating a world-leading lithium business. Bringing our scale, development capabilities and financial strength to the Arcadium Lithium portfolio. Visit the Rio Tinto and Arcadium website to find out more.
Mining giant Rio Tinto to acquire Arcadium Lithium in $6.7 …
Oct 9, 2024 · The world's second-largest miner Rio Tinto said Wednesday it will acquire U.S. lithium producer Arcadium for $6.7 billion. Rio Tinto said the deal would be an all-cash …
Rio Tinto to form new lithium unit after Arcadium buy
Jan 17, 2025 · The new business, Rio Tinto Lithium, will assume control of Rio’s $2.5 billion Rincon project in Argentina but not its controversial Jadar lithium project in Serbia. ... Rio executives plan to absorb Arcadium slowly out of concern that forcefully integrating the lithium producer could prompt an exit of talent that could abrogate the deal’s ...
Rio Tinto confirms approach to Arcadium Lithium
MELBOURNE, Australia-- (BUSINESS WIRE)-- Rio Tinto today confirmed that it has made an approach to Arcadium Lithium regarding a potential acquisition of Arcadium Lithium by Rio Tinto. The approach is non-binding and there is no certainty that any transaction will be …
Rio Tinto to Acquire Arcadium Lithium for $6.7 Billion
SYDNEY— Rio Tinto RIO 2.19% has agreed to a $6.7 billion takeover of Arcadium Lithium ALTM 0.35%, propelling it into the ranks of the top producers of a key commodity used in batteries...
Rio Tinto to control 3rd-largest lithium reserves with $6.7B Arcadium …
Oct 9, 2024 · Rio Tinto Group will secure the world's third-largest lithium reserves and resources globally by acquiring Arcadium Lithium PLC, according to S&P Global Market Intelligence data.
Rio Tinto goes all in on lithium with $6.7 billion Arcadium buy
Oct 9, 2024 · Rio Tinto , has agreed to buy U.S. based Arcadium Lithium for $6.7 billion, it said on Wednesday, a deal that will catapult it to become the world's third largest miner of the metal used in...