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Rio Tinto Gets Arcadium Shareholder Approval for £5bn Takeover
Rio Tinto's Takeover Offer Secures Approval From Arcadium Lithium Shareholders
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.
Arcadium Lithium Shareholders Approve Rio Tinto Takeover Deal; Shares Up on Tuesday