Anglo-Australian mining giant Rio Tinto cemented a roughly US$6.7 billion deal to buy lithium chemicals producer Arcadium on October 9, snapping up a significant player in the red-hot battery sector. The bumper agreement values Arcadium — which was only formed this year — at US$5.85 a share, a premium of almost 40% over the market...

Unlock this article with Premium. To access all premium content, contact us at [email protected]
Already a member? Log in here