Global miner Rio Tinto announced its acquisition of lithium producer Arcadium Lithium for $6.7 billion in an all-cash deal. This move positions Rio Tinto as one of the world's largest lithium producers, granting access to Arcadium's mines, processing facilities, and a customer base including automakers like Tesla.
- Rio Tinto said on Wednesday it would acquire Arcadium Lithium for $6.7 billion in an all-cash deal that would make it one of the world's largest lithium producers.
It holds joint ventures in Australia with Mineral Resources at the Wodgina mine and with Tianqi Lithium at the Greenbushes mine.Chile's SQM is the second-largest lithium producer, with a market cap of $11.43 billion. China's Tianqi Lithium owns about a fifth of the company.China's Ganfeng Lithium has a market cap of $9.37 billion. It also owns a 6.16% stake in Australia's Pilbara Minerals. It has operations in Western Australia, Argentina, Mexico and China.
Lithium Acquisition Rio Tinto Arcadium Lithium Mining
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