Rio Tinto Buys Arcadium Lithium For $6.7 Billion
British mining giant %RioTinto (NYSE: $RIO) is acquiring American %Lithium producer Arcadium for $6.7 billion U.S. %ArcadiumLithium (NYSE: $ALTM) will give Rio Tinto, the world’s second-largest miner, access to a steady supply of lithium, which is the primary component in electric vehicle (EV) batteries.
Arcadium Lithium stock is up 30.5% as of 10:10 a.m. ET today in response. Other lithium mining stocks are following Arcadium ...
Stocks rose Wednesday as Wall Street weighed minutes from the latest Federal Reserve meeting at which the central bank ...
Iron ore giant Rio Tinto has announced it will buy Arcadium Lithium for almost $10 billion in an all cash deal, while the ...
A 50% rise in the price of a downtrodden lithium producer has boosted investor hopes that a revival in the battery metal is ...
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