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 transaction for $5.85 per share, representing a premium of 90% to Arcadium’s Oct. 4 closing price of $3.08 per share.

tag:reuters.com,2023:binary_RC2NB0AIHME5-BASEIMAGE

Reuters

United Kingdom

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.

Ad Fontes Media

All Sides

Media Bias/Fact Check

The Woodbridge Company

Mining giant Rio Tinto has made a counter-cyclical move in the face of a global lithium slump, buying Arcadium Lithium just three days after confirming its interest.

Sydney Morning Herald

Nine Entertainment Co.

Sydney

New South Wales

Australia

Rio Tinto bags its lithium prize in a hurry

The world's second-largest miner Rio Tinto said Wednesday it will acquire U.S. lithium producer Arcadium for $6.7 billion.

CNBC

Roberts family

United States

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

Rio Tinto said today it will acquire Arcadium Lithium in an all-cash transaction, valued at $6.7 billion, in a deal that will make it the world's third-largest lithium producer.

RTÉ

Government of Ireland

Ireland

Rio Tinto agrees $6.7 billion deal for Arcadium Lithium

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

Benzinga

New York

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

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, …

Devdiscourse

India

Rio Tinto's Game-Changing Lithium Acquisition

Rio Tinto announced an agreed all-cash deal to acquire Arcadium Lithium for $6.7 billion, making it one of the world's largest lithium producers. The acquisition provides Rio Tinto with access to lithium mines and processing facilities across several countries and a customer base including Tesla and BMW.

The Economic Times

Sahu Jain family

Rio Tinto to become a top lithium producer with $6.7 bln Arcadium buy

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

Euronews

European Broadcasting Union

France

Rio Tinto takes big battery metal step with Arcadium Lithium purchase

Rio Tinto is set to acquire the chemical producer Arcadium Lithium in a $6.7bn (£5.12bn) deal. The multinational mining behemoth announced the all-cash transaction this morning and called the acquisition of the global business a “significant step forward”. It amounts to $5.85 per share, and a premium of 90 per cent on Arcadium’s closing price of $3.08 per share on 4 October, Rio Tinto said. Arcadium’s capabilities include lithium chemical manufa…

City AM

London

Greater London

England

Rio Tinto to buy chemical firm Arcadium Lithium in deal worth billions

Acquisition will make Anglo-Australian miner one of world’s biggest producers of key battery material

Financial Times

Nikkei Inc.

Rio Tinto to buy Arcadium Lithium in $6.7bn cash deal

Business

Tesla

Wall Street

US Economy

Oceania

Stock Markets

Australia Economy

Euro Weekly News

Jingletree

Oil Price

Business Times

SecularTimes

Highways Today

C3 Solutions

Macau Business

market-news24.com

headlinemoney.co.uk

Share Talk

futuremoneyfate.com

channelchek.com

IndustryWired

themarketonline.ca

ESG Today

fastmarkets.com

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

Coverage Details

Give the gift of Perspective

Bias Distribution

Ownership

Similar News Topics

Similar News Topics