Rio arrives in lithium with a survival-of-the-fittest mentality

The company is planning to invest heavily in further expansion ahead of an anticipated 2030s demand boom.

Bloomberg News | October 9, 2024 | 2:19 pm

Ranking the world’s top lithium producers

Acquiring Arcadium makes Rio Tinto one of the world's largest lithium producers.

Reuters | October 9, 2024 | 7:22 am

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

Marimaca Copper options Chile project to create potential synergies with oxide deposit

The Pampa Medina project consists of 4 mining concessions near the planned processing site of the Marimaca oxide deposit.

Staff Writer | October 8, 2024 | 2:46 pm

Vale swaps head of iron ore business

Rogerio Nogueira, Vale's current director of product and business development, was appointed to fill the role on an interim basis.

Reuters | October 8, 2024 | 2:12 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

Chakana Copper hands part of Soledad project in Peru back to Condor

The concessions would make up approximately 25% of Chakana's expanded Soledad copper-gold-silver project.

Staff Writer | October 8, 2024 | 8:49 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

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