Rio Tinto wins approval for a US$6.7billion all cash deal for Arcadium Lithium. US$5.85 a share, the offer is a 90% premium on Arcadium Lithium's closing share priced on Oct 4th. The deal was approved by both boards and is expected to close in mid-2025. Rio Tinto CEO - Jakob Stausholm released a statement "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 to supply materials needed for the energy transition."