Lithium Miner Arcadium Confirms Rio Tinto Takeover Approach

ACQUISITION - MELBOURNE. Rio Tinto, has made an approach to buy lithium producer Arcadium Lithium, the two parties said in separate statements on Monday, without revealing any financial details.

Rio's approach to Arcadium comes as miners are eager to secure supplies of critical minerals needed to power the global energy transition and comes after weeks of speculation over the deal.