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Investing.com -- Mining giant Rio Tinto (LON:RIO) has made an approach to purchase lithium producer Arcadium Lithium (NYSE:ALTM), the companies announced in separate statements on Monday.
Both groups said the approach was "non-binding," adding that they would divulge more about a potential deal when they had "news to share."
Should it be completed, the agreement would make Rio Tinto one of the world's biggest producers of lithium, the ultralight metal essential in powering electric vehicle bat...
>>> Read more: Rio Tinto confirms takeover approach for Arcadium Lithium
Both groups said the approach was "non-binding," adding that they would divulge more about a potential deal when they had "news to share."
Should it be completed, the agreement would make Rio Tinto one of the world's biggest producers of lithium, the ultralight metal essential in powering electric vehicle bat...
>>> Read more: Rio Tinto confirms takeover approach for Arcadium Lithium
