# Rio Tinto to acquire Arcadium Lithium for $5.85 per share

Rio Tinto agreed to acquire Arcadium Lithium in an all-cash transaction at US$5.85 per share, adding lithium production capacity of 75,000 tonnes LCE annually with plans to double by 2028.

- Type: Acquisition
- Announced: 2024-10-10
- Where: Tiwai Point, New Zealand
- Value: $6.70B
- Status: announced
- Capacity: 75,000 tonnes lithium carbonate equivalent per year
- Products: lithium hydroxide, lithium carbonate
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Rio Tinto](https://endata.com/companies/4215.md)
- [Rio Tinto](https://endata.com/companies/4215.md) (acquirer)
- [Sumitomo Chemical](https://endata.com/companies/20503.md) (partner)
- [New Zealand Aluminium Smelters](https://endata.com/companies/77744.md) (target)
- [Arcadium Lithium](https://endata.com/companies/80366.md) (target)

## Sources

- [miningmetalnews.com](https://www.miningmetalnews.com/20241010/2987/rio-tinto-acquire-arcadium-lithium), 2024-10-10: "Acquiring Arcadium Lithium is a significant step forward in Rio Tinto's long-term strategy, creating a world-class lithium business alongside our leading aluminium and copper operations."
- [stocks.observer-reporter.com](https://stocks.observer-reporter.com/observerreporter/article/bizwire-2024-11-1-rio-tinto-completes-acquisition-of-sumitomos-2064-stake-in-new-zealands-aluminium-smelter), 2024-11-01: "Rio Tinto's previously announced acquisition of Sumitomo Chemical Company's (SCC's) 20.64% interest in New Zealand Aluminium Smelters (NZAS) was completed on 1 November 2024."
- [akm.ru](https://www.akm.ru/eng/news/rio-tinto-has-signed-an-agreement-to-acquire-arcadium-lithium-for-6-7-billion/), 2024-11-10: "Rio Tinto Group, a multinational mining and metallurgical company, has entered into a final agreement to acquire the American company Arcadium Lithium plc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.