Search results for "ARCADIUM"

00:44

CITIC Securities: Acquisition of lithium mining company Arcadium by Rio Tinto is expected to boost market confidence.

Global leading lithium mining company Arcadium Lithium has been acquired by Rio Tinto at a high premium, demonstrating overseas mining companies' optimistic attitude towards lithium prices. The acquisition of lithium assets will increase industry concentration, and there is limited downward space for lithium prices. The lithium sector has performed well recently, experiencing a rebound.

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06:45

The lithium industry welcomes a heavyweight player, with Rio Tinto investing $6.7 billion in the acquisition of lithium producer Arcadium

Rio Tinto will fully cash acquisition Arcadium for $6.7 billion, at $5.85 per share, a 90% premium. The deal will make Rio Tinto one of the world's largest lithium suppliers, second only to Albemarle and Chilean Mining and Chemicals. Rio Tinto's move is a step in its long-term strategy to provide materials for energy transformation.

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