Exclusive-Rio Tinto in talks to buy lithium miner Arcadium, sources say [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
By Ernest Scheyder and Clara Denina (Reuters) - Rio Tinto has been holding talks to buy lithium miner Arcadium, three sources with direct knowledge of the negotiations said, a deal that would make Rio the third-largest producer of the electric vehicle battery metal. Talks have been ongoing and continued in London this week during the LME Week conference, one of the sources said. An offer is expected to come in the near future, according to the second source. Talks are ongoing and may not necessarily result in a deal, the sources said. Philadelphia-based Arcadium could be valued between $4 billion to $6 billion or higher, the third source said. None of the sources were authorized to discuss the negotiations publicly. The deal would vault Rio into one of the world's largest suppliers of the ultralight metal, behind only Albemarle and SQM, just as demand is expected to surge later this decade amid growing use of lithium-ion batteries for EVs and consumer electronics. The recen
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- Rio Tinto in talks to buy lithium miner Arcadium, sources say [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Rio Tinto in talks to buy lithium miner Arcadium, sources tell Reuters [CNBC]CNBC
- Exclusive-Rio Tinto in talks to buy lithium miner Arcadium, sources say [Yahoo! Finance]Yahoo! Finance
- GM halts production at two major U.S. plants due to Hurricane Helene [MSNBC.com]MSNBC.com
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