12.1% Arcadium Lithium share rise amid rumored $4-6B acquisition by Rio Tinto, eyeing 3rd place in lithium production for EV batteries.
Arcadium Lithium (NYSE: ALTM) shares rose by 12.1% amid rumors that Rio Tinto is considering acquiring the company, potentially valuing it between $4 billion and $6 billion. This acquisition could position Rio Tinto as the third-largest lithium producer, capitalizing on rising demand for lithium in electric vehicle batteries. Despite this interest, Arcadium was not listed among the top investment picks by the Motley Fool’s analysts.
6 months ago
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