Arcadium Lithium announced on Monday that its shareholders have approved Rio Tinto's proposed acquisition, which is expected to close in mid-2025.
The acquisition is valued at $6.7 billion and, upon its expected closure, will make Rio Tinto the world's third-largest lithium miner.
CEO Paul Graves praised the shareholder vote, stating, "Together, we enhance our capabilities to successfully develop and operate our assets while supporting the clean energy transition." Regulatory approvals have already been secured in major jurisdictions, including the US, UK, and China, with additional conditions pending.
