Rio Tinto Eyes $4-6 Billion Arcadium Takeover, Bolstering Global Lithium Presence
- Posted on October 7, 2024
- By International Business Times
- 3 Views
Rio Tinto Eyes $4-6 Billion Arcadium Takeover, Bolstering Global Lithium Presence
Rio Tinto is reportedly considering paying $4-6 billion to acquire U.S. lithium producer Arcadium, which would give it access to mines and processing facilities on four continents. The move highlights the global competition for lithium dominance in the face of rising demand for electric vehicles.
