Arcadium Lithium Secures Major Acquisition Deal

Arcadium Lithium has announced that its shareholders have approved the proposed acquisition by Rio Tinto, a move that is set to transform the global lithium mining landscape. Valued at a staggering $6.7 billion, this acquisition is expected to close in mid-2025, positioning Rio Tinto as the world's third-largest lithium miner.

Supporting the Clean Energy Transition

CEO Paul Graves expressed his satisfaction with the shareholder vote, emphasizing the enhanced capabilities the partnership will bring. "Together, we strengthen our ability to successfully develop and operate our assets, all while supporting the global transition to clean energy," he stated.

Regulatory Approvals and Future Prospects

Regulatory approvals have already been secured in key jurisdictions including the US, UK, and China. With additional conditions pending, the deal marks a significant milestone in the race for lithium dominance, a critical component in the production of batteries for electric vehicles and renewable energy storage.