Rio Tinto to control third-largest lithium reserves with $6.7B Arcadium takeover

Rio Tinto Group will secure the world’s third-largest lithium reserves and resources globally by acquiring Arcadium Lithium, according to S&P Global Market Intelligence data. Both companies’ boards have unanimously approved the all-cash transaction for $5.85 per share, announced Oct. 9, which values Arcadium’s diluted share capital at about $6.7 billion. The deal is expected to close mid-2025. Rio Tinto has…Rio Tinto Group will secure the world’s third-largest lithium reserves and resources globally by acquiring Arcadium Lithium, according to S&P Global Market Intelligence data. Both companies’ boards have unanimously approved the all-cash transaction for $5.85 per share, announced Oct. 9, which values Arcadium’s diluted share capital at about $6.7 billion. The deal is expected to close mid-2025. Rio Tinto has…Read More