Arcadium Lithium plc (ALTM)
NYSE NYSE Primary Summary
Rio Tinto splashes $1.8bn on iron ore mine as Arcadium takeover completes
Rio Tinto Ltd has firmed up completion of its acquisition of Arcadium Lithium and said $1.8 billion will be spent on extending the Brockman iron ore mine in Western Australia. Arcadium had been taken over for $6.7 billion following court approval, Rio said on Thursday, leaving shareholders set to receive $5.85 a share each.
Arcadium (ALTM) Lags Q4 Earnings Estimates
Arcadium (ALTM) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.34 per share a year ago.
Rio Tinto to form new lithium unit after Arcadium buy, memo says
Anglo-Australian mining giant Rio Tinto , plans to create a standalone lithium division after it closes its $6.7 billion acquisition of Arcadium Lithium , according to an internal memo seen by Reuters.
Arcadium Lithium plc Profile
| Specialty Chemicals Industry | Basic Materials Sector | Mr. Paul W. Graves CEO | NYSE Exchange | JE00BM9HZ112 ISIN |
| Ireland Country | 1,470 Employees | - Last Dividend | 4 Jan 2024 Last Split | - IPO Date |
Overview
Arcadium Lithium plc stands as a significant player in the lithium chemical products industry, with a robust presence across the globe including the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. Founded in 1944 and headquartered in Shannon, Ireland, the company has carved a niche for itself primarily in the production of lithium-related chemical products. Arcadium Lithium plc's business operations are underpinned by its interests in several properties strategically located in Argentina, Canada, and Western Australia, positioning it as a key supplier in the burgeoning electric vehicle market as well as other sectors ranging from electronics to aerospace.
Products and Services
Battery-grade Lithium Hydroxide: A high-purity chemical product used in the manufacturing of lithium-ion batteries for electric vehicles and portable electronics, emphasizing the company’s role in supporting clean energy initiatives.
Lithium Carbonate: Another essential ingredient in lithium battery production, especially in supporting energy storage solutions and electric vehicles, reflecting the company's commitment to sustainable energy.
Butyllithium: A critical reagent in the synthesis of organic compounds, used in pharmaceuticals, polymers, and various industrial processes, showcasing the company's versatility in product offerings.
High Purity Lithium Metal: This product finds its application in aerospace, electronics, and advanced battery technologies, highlighting Arcadium Lithium’s stake in cutting-edge innovations and high-performance applications.
Contact Information
