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MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto today confirmed that it has made an approach to Arcadium Lithium regarding a potential acquisition of Arcadium Lithium by Rio Tinto. The approach is non-binding and there is no certainty that any transaction will be agreed to or will proceed. Rio Tinto will not make further comment until or unless an update is appropriate. IMPORTANT INFORMATION This communication is not intended to and does not constitute an offer to buy or the solicitation of an.

PHILADELPHIA and PERTH, Australia , Oct. 6, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium") today confirmed that it has been approached by Rio Tinto regarding a potential acquisition of Arcadium Lithium by Rio Tinto. The approach is non-binding and there is no certainty that any transaction will be agreed to or will proceed.

Reports indicate that Rio Tinto is engaged in negotiations to acquire lithium mining company Arcadium. Sources familiar with the matter suggest that discussions are ongoing and continued during the recent LME week meetings.

Shares of Albemarle (ALB), Arcadium Lithium (ALTM), and Sociedad Quimica y Minera, or SQM (SQM), jumped Friday following a report that mining giant Rio Tinto (RIO) could be looking to buy a company in the lithium sector.

RIO acquires Mitsubishi's 11.65% interest in Boyne Smelters, taking its interest in the venture to 71.04%.

On Friday, The Australian reported that Rio Tinto might be looking at M&A in the lithium space. That sent shares of Albemarle, Arcadium, and SQM higher.

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Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) has announced the appointment of Mick Bardella to its board as a non-executive director. Bardella has previously worked as Rio Tinto PLC's global assurance lead, Xstrata's head audit partner and advised a host of mining companies whilst at Ernst & Young.

LONDON--(BUSINESS WIRE)--Rio Tinto has launched its 2024 Beyond Rare™ Tender, the second in its Art Series offering, showcasing 48 lots of extraordinarily rare masterpieces of nature from its diamonds business. Titled Colour Awakened, this collection is headlined by seven “Old Masters”, notable historic diamonds from the Argyle Diamond Mine that operated from 1983 to 2020. The Old Masters comprise seven round brilliant cut, pink and red diamonds, ranging in size from 0.60 carats to 2.63 carats.

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto's previously announced acquisition of Mitsubishi Corporation's (Mitsubishi) 11.65% interest in Boyne Smelters Limited (BSL) was completed on 30 September 2024. BSL owns and operates the Boyne Island aluminium smelter in Gladstone, Australia. Following completion of the transaction, Rio Tinto's interest in BSL is now 71.04%. Rio Tinto looks forward to continuing to work with its BSL joint venture partners and other stakeholders on securing a compe.