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1 day ago · Published. Oct 08, 2024, 06:22 PM. LISBON - Chinese lithium producers are flooding the global market with the critical metal and causing a "predatory" price drop as they seek to eliminate ...
8 hours ago · Rio Tinto CEO Jakob Stausholm argues the miner’s long-term investment approach and sheer size can help stabilise the volatile lithium market. Oct 9, 2024 – 6.38pm. For a man who has just paid ...
8 hours ago · For Rio, which has faced activist opposition at its yet-to-be-developed Jadar lithium mine in Serbia, Arcadium provides a rapid lithium boost. It’s also a test of its deal-making mettle — and the biggest acquisition since Rio’s $38 billion acquisition of Alcan Inc. in 2007, a peak-of-the-cycle deal after a bidding war that left Rio with $29 billion of charges.
8 hours ago · London listed mining giant Rio Tinto today moved to secure a major foothold in the global supply of lithium, a key component in electric car batteries, with a $6.7 billion (£5.1 billion) takeover of one of America’s biggest producers. Rio is paying $5.85p a share in cash for Arcadium Lithium, a 90% premium to its $3.08 closing price on ...
8 hours ago · In 2021, Hoback’s docuseries about the QAnon conspiracy, Q: Into the Storm, ran on HBO. In it, Hoback makes a case that Ron Watkins, a former administrator of the social network 8Chan, ...
1 hour ago · Rio Tinto will acquire the United States-based lithium producer for $5.85 per share, it said. The deal represents a 90% premium to Arcadium's closing price of $3.08 per share on October 4, ...
1 day ago · Lithium is the lifeblood of electric vehicles (EVs). As the world shifts towards cleaner energy, the demand for lithium is surging. Automakers are racing to electrify their fleets, and lithium is the fuel that powers this revolution. Rio Tinto's interest in Arcadium Lithium signals a keen awareness of this trend.
