Loading metal prices...

Arcadium Lithium Secures Key U.S. Approval, Advancing Rio Tinto Acquisition

1 min reading
Arcadium Lithium Secures Key U.S. Approval, Advancing Rio Tinto Acquisition
Arcadium Lithium Secures Key U.S. Approval, Advancing Rio Tinto Acquisition
Share:

Arcadium Lithium, a leading global producer of lithium chemicals, has obtained approval from the Committee on Foreign Investment in the United States (CFIUS) for its acquisition by Rio Tinto. This clearance removes one of the final regulatory hurdles for the deal initially announced in October 2024.

By Panorama Minero

With this approval, regulatory requirements have now been met or waived in key markets such as the United States, the United Kingdom, Australia, Canada, China, Japan, and South Korea. However, the transaction's completion still depends on securing investment approvals in countries including Australia, Canada, and Italy, along with other customary conditions.

The deal, which represents one of Rio Tinto's largest investments in the lithium sector, is expected to close by mid-2025. It will further solidify the company’s position in a strategic market driven by the global energy transition.

This move underscores the growing interest of major mining companies in securing their role within the critical minerals supply chain amid soaring demand for electric vehicles and energy storage solutions.

Published by: Panorama Minero

Category: News

Join our mining community!


Subscribe to our newsletter for exclusive news, insights, and updates on the mining industry and Panorama Minero's latest initiatives.

Illustrative image for the article: The University of Queensland will train miners from across Latin America

The University of Queensland will train miners from across Latin America

As part of an Australian transnational educational program supporting the development of a skilled workforce in the critical minerals sector, experts from the University of Queensland, in collaboration with SMI-ICE-Chile, will provide training on mine safety and sustainability in resource-rich regions of Latin America.

NOA Lithium Discovers Fresh Water at Rio Grande Project

NOA Lithium Discovers Fresh Water at Rio Grande Project

NOA Lithium Brines Inc. announced that it has discovered an on-site fresh water source within the properties of its 100%-owned Rio Grande Project, located in Salta province, as part of its 2025 water drilling exploration program.