Rio Tinto bets big on long-term lithium demand with Arcadium acquisition
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) is spending nearly $7 billion to acquire diverse lithium company Arcadium Lithium, a sign of confidence in the long-term demand for lithium. Earlier this week, Rio Tinto announced its plan to acquire Arcadium Lithium PLC (NYSE:ALTM, ASX:LTM) in an all-cash transaction valued at $5.85 per share, representing a 90% premium to Arcadium's recent closing price.
Rio Tinto's Arcadium Acquisition An Intelligent Move
Rio Tinto's $6.7 billion acquisition of Arcadium Lithium positions it as a major player in the growing lithium market, despite current low prices. The company continues to perform well, with strong earnings and a high FCF yield, supporting a comfortably affordable dividend of over 4%. Rio Tinto's growth projects, including Simandou and Pilbara Iron Ore, promise substantial future revenue and production increases.
Rio Tinto Group (RIO) CEO Jakob Stausholm Hosts Acquisition of Arcadium Lithium Conference (Transcript)
Rio Tinto Group (NYSE:RIO ) Acquisition of Arcadium Lithium Conference October 9, 2024 4:30 AM ET Company Participants Jakob Stausholm - Chief Executive Paul Graves - CEO, Arcadium Lithium Conference Call Participants Liam Fitzpatrick - Deutsche Bank AG Alain Gabriel - Morgan Stanley Kaan Peker - RBC Capital Markets Robert Stein - Macquarie Research Glyn Lawcock - Barrenjoey Markets Pty Limited Ephrem Ravi - Citigroup Inc. Patrick Mann - BofA Securities Richard Hatch - Berenberg Mitch Ryan - Jefferies Operator Jakob Stausholm Good morning to everyone in the UK and good evening to those of you joining from Australia. Thank you for tuning in.
Rio Tinto's $6.7 billion lithium deal could usher consolidation in key industry for EVs
“Mega miner” Rio Tinto is shaking up the industry at a time lithium prices have dropped more than 60%.
Mining Stock Extends Slump After Big Purchase
Rio Tinto plc ADR (NYSE:RIO) is getting into the lithium market.
Rio Tinto to acquire US lithium producer Arcadium in a $6.7 billion deal
Rio Tinto, the world's second-largest miner, has announced its acquisition of US-based Arcadium Lithium for $6.7 billion. The all-cash transaction values Arcadium at $5.85 per share, reflecting a 90% premium on its closing price of $3.08 on Oct. 4.
Rio Tinto (RIO) to Acquire Arcadium Lithium (ALTM) for $6.7 Billion
Rio Tinto (RIO, Financial), the world's second-largest mining company, has received board approval for its $6.7 billion cash acquisition of Arcadium Lithium (ALTM). This strategic move aims to position Rio Tinto as a leading producer of critical battery materials.
Update On Rio Tinto Before Earnings
RIO shares are undervalued compared to competitors, offering a compelling buy opportunity, especially with potential price declines post earnings on Oct. 15. Despite a 10.8% share price drop in 2024, RIO remains a leading mining company with diverse capabilities and a strong market position. RIO's potential acquisition of a lithium producer at low prices could be highly accretive if lithium prices recover, enhancing its market position.
Rio Tinto (RIO) Acquisition of Arcadium Lithium (ALTM) Spurs Market Excitement
Rio Tinto (RIO, Financial) has announced its acquisition of Arcadium Lithium (ALTM), stirring excitement in the lithium industry and causing stock prices of related companies to surge. This strategic move positions Rio Tinto as the world's third-largest lithium producer, following Albemarle and SQM.
Rio Tinto (RIO) Is Considered a Good Investment by Brokers: Is That True?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Rio Tinto swoops with takeover offer for $3bn lithium chemicals producer Arcadium
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) has made a takeover offer for Arcadium Lithium, a US$3.31 billion vertically integrated lithium chemicals producer. The FTSE 100-listed miner said its approach is non-binding for the New York Stock Exchange- and ASX-listed outfit, which Arcaium confirmed the approach and both companies said they would only provide further comments when there is further news to share.
Exclusive: Rio Tinto in talks to buy lithium miner Arcadium, sources say
Rio Tinto has been holding talks to buy lithium miner Arcadium , three sources with direct knowledge of the negotiations said, a deal that would make Rio the third-largest producer of the electric vehicle battery metal.
