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

Rio Tinto Gets Arcadium Shareholder Approval for £5bn Takeover

Investing.com Dec 24 16:03

Rio Tinto's Takeover Offer Secures Approval From Arcadium Lithium Shareholders

MT NewswiresDec 24 12:53

Arcadium Lithium Shareholders Approve Rio Tinto Takeover Deal; Shares Up on Tuesday

MT NewswiresDec 24 05:44

Arcadium Lithium Secures Shareholder Approval for Rio Tinto Takeover

MT NewswiresDec 24 05:36

Express News | Arcadium Lithium Announces Shareholder Approval of Proposed Rio Tinto Transaction and Provides Regulatory Update

BreakingsDec 24 05:05