Rio Tinto signs $6.7bn deal to acquire Arcadium Lithium
The acquisition will integrate Arcadium's lithium business into Rio Tinto's portfolio.
10 October 2024
10 October 2024
The acquisition will integrate Arcadium's lithium business into Rio Tinto's portfolio.
The renewed mining licence allows for an increased annual production capacity of 500,000 tonnes (t).
The contract is scheduled to begin in November 2024 and is expected to be completed by mid-2030.
The partnership seeks to bridge the performance stability gap between natural and synthetic graphite.
The Katwaro Project near Mumbwa encompasses 400 hectares (ha) and features a historical open-pit mine with copper-bearing meta-sediments.
Authorities have debunked land claims, stating that there have been no discussions related to property seizure in Chimney Rock, North Carolina.
A US official voiced his apprehensions over predatory pricing by Chinese lithium producers during a visit to Portugal, a significant player in the lithium industry.
Traore made the announcement in a radio address on the two-year anniversary of taking control of the country following a coup.
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