The Elements of Innovation Discovered
The Elements of Innovation Discovered
Metal Tech News - October 11, 2024
With the Arcadium purchase, Rio Tinto will further strengthen its foothold as a supplier of metals for the energy transition.
The proposed $6.7 billion purchase indicates that the global mining giant foresees a lithium market rebound.
On Oct. 9, Rio Tinto announced plans to acquire lithium producer Arcadium, boosting Arcadium's value and enhancing Rio Tinto's lithium market exposure, crucial for electric vehicle growth.
What does this investment say about the future outlook for the lithium market?
Rio Tinto CEO Jakob Sta...
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