Rio Tinto In Talks To Buy Arcadium Lithium; Deal Could Value Arcadium Between $4B-$6B Or Higher
Portfolio Pulse from Benzinga Newsdesk
Rio Tinto is in discussions to acquire Arcadium Lithium, with the deal potentially valuing Arcadium between $4 billion and $6 billion or more, according to sources cited by Reuters.
October 04, 2024 | 8:12 pm
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Rio Tinto is in talks to acquire Arcadium Lithium, which could be valued between $4 billion and $6 billion or higher. This acquisition could enhance Rio Tinto's position in the lithium market.
The acquisition of Arcadium Lithium would likely strengthen Rio Tinto's portfolio in the lithium sector, a key component for electric vehicle batteries. This could positively impact Rio Tinto's stock price in the short term as investors anticipate growth in the lithium market.
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