CITIC Securities: Rio Tinto's premium acquisition of lithium mining company Arcadium is expected to boost market confidence.

Jinshi Data, 10 October, according to CITIC Securities research report, Rio Tinto announced that it will acquire the world’s leading lithium mine Arcadium Lithium for $6.7 billion, a premium of 90% over Arcadium’s Kapanış Fiyatı on October 4. Rio Tinto has strong financial strength and multinational operation experience. It is expected that there will be certain synergies after the merger of the two parties. This premium acquisition shows the overseas mining enterprises’ optimistic attitude towards lithium prices, which will bring more confidence to the market. The merger of lithium assets will also increase industry concentration, and there is limited downside space for lithium prices. Recently, lithium prices have pumped moderately, and the market sentiment has warmed up, driving undervalued lithium sector to rebound.