Arcadium Lithium Jumps After Report of Potential Rio Tinto Deal
Rio Tinto is said to be in negotiations to buy Arcadium in a deal that would value the lithium miner between US$4 billion to $6 billion, Reuters reported, citing unnamed sources. Shares of Arcadium jumped more than 30% after the report during after-market trading in New York late Friday.
Commenting on the Australian story, Barron's pointed out today that lithium prices are in a funk, and that lithium stocks look cheap. Arcadium Lithium in particular, which cost north of $13 a share ...
Shares in a handful of lithium players gained Friday amid rumours that Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) might bid to ...
For information, Albemarle Corporation is a leading global producer of lithium, a key component in electric vehicle batteries ...
Arcadium Lithium plc (NYSE:ALTM) is focused on the production of lithium chemicals products in the Asia Pacific, North ...
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Monsters of Rock: M&A whispers see Arcadium rise above the lithium packSpeculation Rio Tinto could make a takeover play for Arcadium Lithium seems to have helped the miner avoid a red ... Read ...
Arcadium Lithium shares gained after Macquarie increased its valuation on the lithium producer, following its strategy day.
There’s been suggestions for some time that Rio Tinto may join mining giant peer BHP in embarking on a big acquisition, and ...
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