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Rio Tinto (RIO, Financial), a renewed metal and mining company, recently embarked on a $5.7 billion takeover of Arcadium Lithium, making it the third largest producer of lithium in the world. The $865 million acquisition at a 90% premium over the last closing price points to Rio's plan to shift from the New Zealand market to focus on high demand-low carbon resources crucial for the EV revolution.
However, as the market is supplied at the present time, Rio Tinto CEO Jakob Stausholm believes long...
>>> Read more: Rio Tinto Acquires Arcadium in $6.7 Billion Deal to Become Top Three Lithium Producer
However, as the market is supplied at the present time, Rio Tinto CEO Jakob Stausholm believes long...
>>> Read more: Rio Tinto Acquires Arcadium in $6.7 Billion Deal to Become Top Three Lithium Producer
