Rio Takes step toward M&A redemption with $6.7 billion lithium bet

Modest by comparison with past splurges, the all-cash deal is a significant and long-awaited expansion of Rio’s bet on lithium.

Bloomberg News | October 12, 2024 | 10:22 am

Rio Tinto’s real prize: Arcadium’s lithium extraction technology

Arcadium, through a predecessor company, was the first to develop an early version of a DLE technology in the 1990s.

Reuters | October 11, 2024 | 10:54 am

Patriot Lithium expands into copper with Zambia project

Patriot believes the Katwaro project will complement its lithium assets and provide jurisdictional diversity.

Cecilia Jamasmie | October 11, 2024 | 5:50 am

Coal expansion helps lure insurers back to Whitehaven

The development follows Sydney-based Whitehaven’s $3.2 billion purchase of coking-coal operations from BHP Group.

Bloomberg News | October 10, 2024 | 9:03 am

Rio arrives in lithium with a survival-of-the-fittest mentality

The company is planning to invest heavily in further expansion ahead of an anticipated 2030s demand boom.

Bloomberg News | October 9, 2024 | 2:19 pm

Rio pays premium multiple for Arcadium in biggest deal since 2007

“We feel quite comfortable that we have not bought a lithium company at the top of the cycle right now. We had to pay a fair price, and that’s what we’re paying.”

Frik Els and Cecilia Jamasmie | October 9, 2024 | 3:51 am

Rio Tinto buys Arcadium for $6.7 billion cash

Rio's offer is at the high end of expectations representing a premium of 90% to Arcadium’s closing price on October 4.

Cecilia Jamasmie | October 8, 2024 | 11:21 pm

Arcadium’s vast lithium portfolio lures Rio at the right time

So far the market is working in Rio's favor, as plunging lithium prices since January have stymied Arcadium's growth plans.

Reuters | October 8, 2024 | 10:22 am

Atlantic Lithium secures final permit to build Ghana mine

The Ewoyaa mine and processing plant will be Ghana’s first lithium operation and also the company's first mine.

Cecilia Jamasmie | October 8, 2024 | 6:23 am

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