Mining giant Rio Tinto in talks to buy U.S. lithium producer Arcadium

No financial specifics were disclosed.

expressed interest in acquiring U.S. lithium producer Arcadium, the two companies confirmed in separate statements on Monday.

Arcadium Lithium's market value currently stands at $3.31 billion, according to data from LSEG. The company's Australian-listed shares jumped over 42% in early Monday trade.

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