Rio bets on lithium revival with US$6.7b Arcadium deal
Rio is taking a counter cyclical approach and buying at the bottom of the cycle.
The deal will give Rio around 5% of the global lithium market
Rio Tinto and Arcadium Lithium have concluded several days of negotiations and announced a US$6.7 billion ($11b) deal for Rio to acquire the New York and ASX-listed lithium producer.
The all-cash deal which has been accepted by the target will see Rio add mines in Argentina and processing assets in
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