The Electric: Rio Tinto Gets a Big Lithium Asset but No Relief From ...

Rio Tinto’s proposed $6.7 billion acquisition of Arcadium Lithium follows a monthlong surge in the share prices of lithium producers, a rare bright spot in the battered battery metals sector, where raw ore prices have dropped almost 90% over the last two years. But any euphoria over the …

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The Electric: Rio Tinto Gets A Big Lithium Asset But No Relief From ...

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Rio Tinto's Big Lithium Bet - Axios

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Oct 9, 2024 · Rio Tinto is making a $6.7 billion bet on lithium, inking a deal for a major producer just as sluggish electric vehicle sales have sapped demand for the once-hot commodity.. Why …

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Rio Tinto Takes Big Battery Metal Step With Arcadium Lithium

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Oct 9, 2024 · The deal has been made on an all-cash basis, with Rio Tinto paying Arcadium Lithium $5.85 (€5.34) per share, above Arcadium's share price at the time of writing, which …

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Rio Tinto's $6.7 Billion Lithium Deal Could Usher ... - Morningstar

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Oct 9, 2024 · By Claudia Assis . It also comes as lithium prices have dropped more than 60%, hit by lower EV demand . Rio Tinto Plc.'s $6.7 billion deal to buy Arcadium Lithium Plc. could shift …

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Rio Tinto Expands Lithium Bet With Biggest Deal Since 2007

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Oct 9, 2024 · (Bloomberg) --Rio Tinto Group has agreed to buy Arcadium Lithium Plc in an all-cash deal valuing the US-listed miner at $6.7 billion, expanding its grip on the battery metal …

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Rio Tinto To Form New Lithium Unit After Arcadium Buy

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Jan 17, 2025 · The new business, Rio Tinto Lithium, will assume control of Rio’s $2.5 billion Rincon project in Argentina but not its controversial Jadar lithium project in Serbia. This is to …

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Rio Tinto To Acquire Arcadium Lithium For $6.7 Billion — Update

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Oct 9, 2024 · SYDNEY--Rio Tinto has agreed to a $6.7 billion takeover of Arcadium Lithium, propelling it into the ranks of the top producers of a key commodity used in batteries for …

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Rio Tinto To Invest $2.5bn In Latest Commitment To Lithium

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Dec 12, 2024 · Rio’s investment in Rincon, which extracts lithium from brines pumped up out of the earth, will fund a commercial-scale plant producing 60,000 tonnes of battery-grade lithium …

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Rio Tinto Accelerates Lithium Push With $1.15b Deal - Financial …

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Dec 22, 2021 · Rio doubled down on its alternative view on Wednesday, saying demand for lithium would exceed supply in the near future. “The market fundamentals for battery grade …

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FAQs about The Electric: Rio Tinto Gets a Big Lithium Asset but No Relief From ... Coupon?

Will Rio Tinto become a major lithium producer?

Approval from government regulators in five countries, including China and Australia, is now required to finalise the merger which will catapult Rio Tinto into the major league of lithium producers. Jakob Stausholm, Rio Tinto chief executive, has said he is unconcerned with the current low price for lithium because it is a metal of the future. ...

Is Rio Tinto muscling in on the lithium market?

(Bloomberg) -- Rio Tinto Plc is muscling in on the lithium market after a precipitous price collapse for the battery metal, betting it can build a portfolio of huge, low-cost mines that will outlast weaker rivals. ...

Will Rio Tinto buy Arcadium lithium?

Rio Tinto on Wednesday said it is offering $5.85 a share in cash to acquire Arcadium Lithium, representing a 90% premium to the stock's closing price at the end of last week. An agreement was reached with Arcadium Lithium's directors just days after Rio Tinto said it was in deal talks. ...

Is Rio Tinto developing a lithium-brine mine in Argentina?

Rio Tinto is developing the Rincon project, a lithium-brine mine in Argentina where it plans to develop a battery-grade lithium carbonate plant with an annual capacity of 3,000 tonnes. Production is expected to start by the end of 2024. Argentina has the world's largest share of salt lake lithium resources. ...

Did Rio Tinto find a lithium source for electric car batteries?

We’ll send you a myFT Daily Digest email rounding up the latest Rio Tinto PLC news every morning. Rio Tinto said it had found a potentially large source of lithium for electric car batteries while looking for gold in piles of waste rock in California, describing it as a “eureka moment” for the company. ...

Should Rio Tinto invest in M&A?

"We believe M&A is probably a better way to quickly gain exposure to lithium for Rio Tinto, especially given the lower valuations, rather than spending billions on greenfield projects in high-risk jurisdictions that may or may not work out," CreditSights, a research company, wrote Monday. ...