Rio Tinto has entered a definitive agreement to acquire Arcadium Lithium for $6.7 billion. The transaction, which will be implemented by way of a Jersey scheme of arrangement, is expected to close in mid-2025. “Acquiring Arcadium Lithium is a significant step forward in Rio Tinto’s long-term strategy, creating a world-class lithium business alongside our leading aluminum and copper operations to…
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Arcadium Lithium to place Mt. Cattlin on care and maintenance
Arcadium Lithium has confirmed it is planning to suspend State 4A waste stripping, as well as any expansion investments beyond stage 3 at its Mt. Cattlin operation in Western Australia, effectively placing the operation on care and maintenance. The company cited the continued decline in spodumene process for the decision. The suspensions ar near-term, while the care and maintenance effective…
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