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

📆 6/10/2024 8:30 p. m.
📰 CNBC

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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.

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