The Wall Street Journal

Rio Tinto in talks to acquire Arcadium Lithium

Rio Tinto in talks to acquire Arcadium Lithium
Arcadium Lithium has projects around the world, including Canada, and is valued at US$3 billion. (Image: Arcadium Lithium)
The Wall Street Journal
By Rhiannon HoyleMining giant Rio Tinto is in talks to buy New York-listed Arcadium Lithium, its latest attempt to establish a foothold in the fast-growing market for a critical mineral used to power electric cars.Rio Tinto wants to reshape its business to produce more of the metals it expects will be in demand amid huge growth in clean-energy technologies globally. Today, the world’s second-biggest miner by market value relies on steel ingredient iron ore for the bulk of its profits.Lithium has been one of Rio Tinto’s priorities fo...

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