Arcadium shareholders approve sale to Rio Tinto
Shares of Arcadium Lithium rose about 7% in extended trading after the company said that about 98% of its shareholders had voted in favor of the sale.
In what is likely to be upbeat year for Australian mining M&A, some large Asian and U.S. companies are ready to bet on the country’s coal, iron ore and uranium assets to meet booming demand for power.
