Rio Tinto to buy Arcadium Lithium in $6.7bn deal

The global mining giant sees significant growth opportunities in the lithium market; Arcadium’s operations include around 2,400 employees across Argentina, Australia, Canada, China, Japan, the UK and the US.

Australian and British mining giant Rio Tinto has agreed to acquire US lithium maker Arcadium in an all-cash transaction for the New York Stock Exchange (NYSE) and Australian Securities Exchange (ASX) listed firm at $5.85 per share.

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