Ansaldo extends Rio relationship

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.

The past year has been torrid for lithium, as a global slowdown in the pace of EV adoption left the market saddled with a glut.

The JV experienced a build in lithium hydroxide inventory at Kwinana over recent months.

China's steel consumption in 2024 and 2025 is forecast at 863 million metric tons and 850 million tons, respectively.