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.

October 04, 2024
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