Rio Tinto negotiates to acquire Arcadia Lithium Company.

On October 7th, Jinshi Data News, mining giant Rio Tinto is negotiating with the New York-listed lithium producer Arcadia Lithium Corporation on acquisition, which is Rio Tinto’s latest attempt to establish a foothold in this rapidly rising market. Rio Tinto stated in a statement on Monday that it has made an acquisition offer to Arcadia Lithium, but it is uncertain whether a protocol can be reached. Rio Tinto stated that it will not make further comments unless it is necessary to provide the latest situation to investors. In January of this year, Livent based in Philadelphia and Allkem in Australia merged to form Arcadia Lithium Corporation, with a current Market Cap of approximately $3 billion.