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

Mon, 07 Oct 2024

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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