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Rio Tinto to acquire Arcadium Lithium in US$6.7bn deal

Mining company Rio Tinto is acquiring Arcadium Lithium plc in a deal valued at approximately US$6.7 billion.

Lithium fields in Chile
Lithium fields in Chile - Image © freedom_wanted - Adobe Stock.

Arcadium is a global, vertically integrated lithium chemicals producer with diversified production and processing capabilities, including conventional brine extraction and direct lithium extraction (DLE).

The acquisition will bring Arcadium’s complementary lithium business into Rio Tinto’s portfolio, establishing a global leader in energy transition commodities – from aluminium and copper to high-grade iron ore and lithium.

Rio Tinto CEO Jakob Stausholm said: “Acquiring Arcadium Lithium is a significant step forward in Rio Tinto’s long-term strategy, creating a world-class lithium business alongside our leading aluminium and copper operations to supply materials needed for the energy transition.”