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Rio Tinto completes acquisition of Arcadium Lithium

1. Rio Tinto acquires Arcadium Lithium for $6.7 billion, enhancing lithium supply. 2. Arcadium will rebrand as Rio Tinto Lithium, contributing to energy transition efforts.

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$5.8403/06 12:33 AM EDTEvent Start
$5.8403/07 07:01 AM EDTLatest Updated
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FAQ

Why Very Bullish?

The acquisition strengthens ALTM's market position and potential for growth, similar to successful mergers in the energy sector that yielded high returns post-acquisition.

How important is it?

This acquisition is pivotal for ALTM’s growth trajectory within the lithium market, indicating robust future performance and aligning with global energy trends.

Why Long Term?

The strategic acquisition will likely take time to realize full benefits, akin to previous instances where acquisitions led to significant long-term growth.

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RIOLTM
LONDON--(BUSINESS WIRE)--Rio Tinto has completed its acquisition of Arcadium Lithium plc (“Arcadium Lithium”) (NYSE: ALTM) (ASX: LTM) for $6.7 billion, following the sanctioning of the Scheme of Arrangement by the Royal Court of Jersey on 5 March. Rio Tinto is now the ultimate parent company of Arcadium Lithium, which will become Rio Tinto Lithium, and will also include the Rincon lithium project. The acquisition establishes Rio Tinto as a global leader in the supply of energy transition materi.

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