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Company News
Oct 10, 2024 • 7:25 PM
ASX 200Mining & ResourcesRio Tinto-Arcadium Lithium $9.6b merger marks major step in global lithium market expansion
Mining giant Rio Tinto (ASX: RIO) has demonstrated its confidence in the lithium sector by confirming a $9.6 billion merger with Arcadium Lithium (ASX: LTM). Established in early January this year, Arcadium is one of the world’s leading global lithium platforms. Rio will acquire Arcadium in an all-cash transaction for approximately $8.68 (US$5.85) per share, […]
Oct 07, 2024 • 8:31 PM
ASX 200Mining & ResourcesRio Tinto confirms takeover approach made to Arcadium Lithium
After weeks of speculation, global mining giant Rio Tinto (ASX: RIO) has confirmed it has approached Arcadium Lithium (ASX: LTM) regarding a deal that could make it the world’s third-largest producer of the electric vehicle battery metal. The approach is non-binding and Rio said there is no certainty that any transaction will be agreed to […]