Rio Tinto Eyes Lithium Acquisition of U.S. Producer Arcadium

📆 10/7/2024 1:30 AM
📰 CNBC

⏱ Reading Time:
10 sec. here
9 min. at publisher
📊 Quality Score:
News: 31%
Publisher: 72%

Business News

Mining,Energy,Lithium

Rio Tinto has expressed interest in acquiring U.S. lithium producer Arcadium, according to statements released by both companies on Monday. No financial details were provided, and Rio Tinto emphasized that there is no certainty a deal will be reached.

expressed interest in acquiring U.S. lithium producer Arcadium, the two companies confirmed in separate statements on Monday.

Arcadium Lithium's market value currently stands at $3.31 billion, according to data from LSEG. The company's Australian-listed shares jumped over 42% in early Monday trade.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines