Rio Tinto's acquisition of Arcadium Lithium has received approval from its shareholders, making it the third largest Lithium mining company in the Global market.

On December 24, Gelonghui reported that Lithium producer Arcadium Lithium announced on Monday that its shareholders had approved the sale of the company to Australian mining giant Rio Tinto for $6.7 billion. The Trade is expected to be completed by mid-2025, which will elevate Rio Tinto to the position of the third-largest Lithium producer in the Global market, following Albemarle and SQM. This acquisition will allow Rio Tinto to gain access to Arcadium's Lithium mines, processing plants, and deposits in Argentina, Australia, Canada, and the United States, as well as customers including Tesla, BMW, and General Motors.

Gelonghui FinanceDec 24 09:54

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EST Dec 24th Afternoon Delivery - In the last two hours of trading, 7 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options

Futu News02:30

U.S. stock market movement｜Arcadium Lithium rose over 3.8% as the company's shareholders approved Rio Tinto's acquisition proposal.

Lithium producer Arcadium Lithium (ALTM.US) rose over 3.8%, trading at $5.16. In news, Arcadium Lithium announced on Monday that its Shareholders have approved the sale of the company to Australian mining giant Rio Tinto for $6.7 billion. The Trade is expected to be completed by mid-2025, which will elevate Rio Tinto to the position of the third largest Lithium producer in the world, following Albemarle and SQM. (Gelonghui)

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Seeking AlphaDec 24 18:00

Rio Tinto Gets Arcadium Shareholder Approval for £5bn Takeover

Investing.com Dec 24 16:03