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

Lithios secures $12 million to scale its lithium extraction technology

The company says its ALE technology can unlock sources of lithium previously considered uneconomical and inaccessible.

Staff Writer | October 8, 2024 | 3:00 pm

UK fraud watchdog settles case brought by ENRC for ‘leaks’ during investigation

The Kazakh mining group accused Britain's Serious Fraud Office of leaking information about a corruption probe to journalists.

Reuters | October 8, 2024 | 11:11 am

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

Canada invests $10m in Ontario infrastructure to support critical minerals projects

A total of four companies -- three focused on lithium and one on copper -- have been named the recipients of the funding.

Staff Writer | October 8, 2024 | 10:14 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

China is oversupplying lithium to eliminate rivals, US official says

"That is an intentional response by the People's Republic of China to what we are trying to do" with the Inflation Reduction Act.

Reuters | October 8, 2024 | 4:51 am

Iron ore price plunges as China fails to deliver fresh stimulus

Iron ore price down more than 5% on Chinese stimulus disappointment.

Bloomberg News | October 7, 2024 | 10:31 pm

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