$RIO (+0,23 %)
Lithium takeover in sight ?

Rio Tinto may be on the verge of a landmark acquisition in the field of electric vehicle technology. The company is reportedly in intensive talks to acquire $LTM (+0,2 %) Arcadium Lithium, a major player in lithium mining. The potential deal, which is estimated to be worth between 4 and 6 billion dollars, could make Rio Tinto one of the world's leading producers of this essential raw material for batteries. Negotiations are said to have continued this week in London during an important industry meeting, although the outcome remains uncertain.

The purchase of Arcadium would give Rio Tinto access to lithium mines, processing facilities and deposits on four continents, as well as access to a customer base that includes Tesla, BMW and General Motors.