Rio pays premium multiple for Arcadium in biggest deal since 2007

“We feel quite comfortable that we have not bought a lithium company at the top of the cycle right now. We had to pay a fair price, and that’s what we’re paying.”

Frik Els and Cecilia Jamasmie | October 9, 2024 | 3:51 am

Rio Tinto buys Arcadium for $6.7 billion cash

Rio's offer is at the high end of expectations representing a premium of 90% to Arcadium’s closing price on October 4.

Cecilia Jamasmie | October 8, 2024 | 11:21 pm

Lithios secures $12 million to scale its lithium extraction technology

The company says its ALE technology can unlock sources of lithium previously considered uneconomical and inaccessible.

Staff Writer | October 8, 2024 | 3:00 pm

Arcadium’s vast lithium portfolio lures Rio at the right time

So far the market is working in Rio's favor, as plunging lithium prices since January have stymied Arcadium's growth plans.

Reuters | October 8, 2024 | 10:22 am

Canada invests $10m in Ontario infrastructure to support critical minerals projects

A total of four companies -- three focused on lithium and one on copper -- have been named the recipients of the funding.

Staff Writer | October 8, 2024 | 10:14 am

Atlantic Lithium secures final permit to build Ghana mine

The Ewoyaa mine and processing plant will be Ghana’s first lithium operation and also the company's first mine.

Cecilia Jamasmie | October 8, 2024 | 6:23 am

China is oversupplying lithium to eliminate rivals, US official says

"That is an intentional response by the People's Republic of China to what we are trying to do" with the Inflation Reduction Act.

Reuters | October 8, 2024 | 4:51 am

Timeline: Owners of Arcadium’s lithium assets through the years

Arcadium was formed only in January by the merger of Australia-based Allkem and US-based Livent.

Reuters | October 7, 2024 | 4:49 pm

Atlas Lithium shares rise on new discovery at Salinas project

The company announced the discovery of spodumene-rich pegmatites at its lithium project in Minas Gerais, Brazil.

Staff Writer | October 7, 2024 | 10:54 am

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Rio Tinto-backed lithium tech startup set to raise second round of funds

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