Mining giant Rio Tinto to acquire Arcadium Lithium in $6.7 billion deal

Rio Tinto buys Arcadium Lithium

Rio Tinto, the London-headquartered British-Australian mining company, announced that it is paying $6.7 billion (€5.47 billion) for Arcadium Lithium. The transaction will be an all-cash deal of $5.85 (€5.33) per share, a 90 per cent premium on the US company’s closing price of $3.08 (€2.81) on October 4. According to London Stock Exchange (LSEG) figures, Arcadium Lithium at present has a… Source

Rio Tinto takes big battery metal step with Arcadium Lithium purchase

The purchase is seen as an attempt to boost its lithium portfolio and strengthen its position as the transition towards green energy continues.

Rio Tinto goes all in on lithium with $6.7 billion Arcadium buy

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 electric vehicle batteries.

Mining Giant Rio Tinto to Buy Arcadium Lithium for $6.7 Billion

Rio Tinto will buy Arcadium Lithium in an all-cash deal valuing the target company at $6.7 billion, as one of the world’s largest miners is boosting its position as a global leader in energy transition commodities. Rio Tinto and Arcadium Lithium plc on Wednesday announced a definitive agreement under which Rio Tinto will acquire Arcadium in an all-cash transaction for US$5.85 per share. The price in the transaction represents a premium of 90% to…

Major Tesla Supplier Arcadium Lithium Jumps Over 30% In Pre-Market After Rio Tinto Agrees To Buy Company For $6.7B

The transaction will integrate Arcadium's lithium operations into Rio Tinto's portfolio, positioning the company as a leader in energy transition commodities.

Rio Tinto's Game-Changing Lithium Acquisition

Rio Tinto's Game-Changing Lithium Acquisition In a move set to reshape the lithium industry, Rio Tinto has unveiled plans to acquire U.S.-based Arcadium Lithium for $6.7 billion. This acquisition is positioned to elevate Rio Tinto as a major player in the lithium sector, crucial for electric vehicles and mobile technology.The Australian mining giant will pay $5.85 per share, marking a substantial 90% premium over Arcadium's recent stock value, …