Arcadium Lithium Confirms Contact with Rio Tinto for Possible Acquisition

October 6, 2024

1 min min reading

Arcadium Lithium Confirms Contact with Rio Tinto for Possible Acquisition

Lithium chemical producer Arcadium Lithium plc (NYSE: ALTM, ASX: LTM) has announced that it has been approached by Rio Tinto regarding a potential acquisition. The approach is considered non-binding, meaning there is no certainty that an agreement will be reached.

By Panorama Minero

The company has chosen not to provide further comments on the matter unless relevant news arises. "Despite this situation, Arcadium Lithium reaffirms its commitment to its strategic vision and focus on significant growth, as presented during the Investor Day held in September 2024," the company stated in a release issued this Sunday.

This news comes at a time when mergers and acquisitions in the mining sector are on the rise, highlighting the growing attention towards critical resources such as lithium.

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