Rio Tinto and Arcadium Lithium plc have announced a definitive agreement in which Rio Tinto will acquire Arcadium in an all-cash transaction valued at $5.85 per share. The deal values Arcadium’s share capital at approximately $6.7 billion. Arcadium is a vertically integrated producer of lithium chemicals, with an annual production capacity of 75,000 tonnes of...
READ MORERio Tinto has expressed interest in acquiring Arcadium Lithium, positioning itself to become one of the largest lithium producers globally. The announcement comes at a time when global lithium prices have seen a sharp decline, largely due to economic challenges in China and a decrease in demand for electric vehicles (EVs). In a statement issued...
READ MORERio Tinto has finalized the acquisition of Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Limited (BSL), as announced on 30 September 2024. BSL operates the Boyne Island aluminium smelter in Gladstone, Australia. With this transaction, Rio Tinto’s ownership stake in BSL has increased to 71.04%. Rio Tinto expressed its commitment to collaborating with its joint...
READ MOREGreen Lithium Refining Limited, a British low-carbon lithium refinery developer, announced on Tuesday that it has signed a memorandum of understanding (MoU) with mining giant Rio Tinto. The agreement aims to establish a commercial partnership to develop a lithium supply chain that will enhance the security of supply for the UK’s and EU’s automotive and...
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