Rio Tinto is acquiring US-based Arcadium Lithium for $6.7bn to enhance its lithium offerings and strengthen its position in the battery metals market amid the green energy transition. The deal, made on an all-cash basis, reflects a significant step in Rio Tinto's long-term strategy, according to CEO Jakob Stausholm. Arcadium Lithium's CEO Paul Graves expressed confidence in the offer, highlighting the company's strong market position and potential for growth. The acquisition comes at a time when mining companies are consolidating in response to market dynamics, particularly in the lithium sector, which is crucial for electric vehicles and other technologies. Teljes cikk (Euronews.com)