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Investing.com -- Rio Tinto (NYSE:RIO)'s recent acquisition of Arcadium Lithium for $6.7 billion underscores the rising M&A value of lithium assets, according to Wells Fargo analysts.
The deal, which represents a 90% premium to ALTM's closing price on October 4, is expected to close in mid-2025 and values ALTM at approximately 14.4x trailing 12-month EBITDA.
The acquisition price also equates to around $89,000 per tonne of lithium production based on ALTM's current output of 75,000 tonnes of li...
>>> Read more: Rio Tinto's acquisition highlights M&A value of Lithium assets: Wells Fargo
The deal, which represents a 90% premium to ALTM's closing price on October 4, is expected to close in mid-2025 and values ALTM at approximately 14.4x trailing 12-month EBITDA.
The acquisition price also equates to around $89,000 per tonne of lithium production based on ALTM's current output of 75,000 tonnes of li...
>>> Read more: Rio Tinto's acquisition highlights M&A value of Lithium assets: Wells Fargo
