Rio Tinto Aims to Snap up Arcadium Before Lithium Prices Recover
By buying Arcadium, Rio would gain access to lithium mines, processing facilities and deposits in Argentina, Australia, Canada and the United States to fuel decades of growth, as well as a customer base that includes Tesla, Ford, BMW, and General Motors.
Rio Tinto’s ‘bite-sized’ Arcadium acquisition makes sense – CreditSights
Diversified major Rio Tinto’s move to acquire Arcadium Lithium in an all-cash transaction of $8.85 a share makes strategic sense, allowing the major to quickly increase exposure to the key energy transition material.
Arcadium Lithium stock is up 30.5% as of 10:10 a.m. ET today in response. Other lithium mining stocks are following Arcadium ...
Rio Tinto is muscling in on the lithium market after a precipitous price collapse for the battery metal, betting it can build ...
A 50% rise in the price of a downtrodden lithium producer has boosted investor hopes that a revival in the battery metal is ...
Stocks rose Wednesday as Wall Street weighed minutes from the latest Federal Reserve meeting at which the central bank ...
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