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Arcadium Lithium Jumps After Report of Potential Rio Tinto Deal
(Bloomberg) — Shares of Arcadium Lithium Plc jumped after a report said Rio Tinto Plc is in talks to buy the smaller miner.
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Rio Tinto is said to be in negotiations to buy Arcadium in a deal that would value the lithium miner between $4 billion to $6 billion, Reuters reported, citing unnamed sources.
Shares of Arcadium jumped more than 30% after the report during after-market trading in New York late Friday.
The negotiations between Rio and Arcadium are ongoing and continued in London this week during a major industry gathering, Reuters reported, adding that the talks may not necessarily result in a deal.
Rio Spokesperson Jesse Riseborough declined to comment. Arcadium didn’t immediately respond to Bloomberg request seeking comments.
The potential deal would make Rio one of the world’s top producers of the battery metal that’s a key component in rechargeable batteries in electric vehicles.
Lithium stocks globally have languished this year as a supply glut overwhelmed demand from battery manufacturers amid slower EV sales.
–With assistance from Joe Deaux.
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new video loaded: ‘We Are Orphans’: Shiite Muslims Protest the Killing of Khamenei
By Nader Ibrahim and Malachy Browne
March 1, 2026
NEWYou can now listen to Fox News articles!
Three U.S. service members were killed and five others were seriously wounded as part of Operation Epic Fury, U.S. Central Command (CENTCOM) said Sunday morning.
In addition, several others sustained minor shrapnel injuries and concussions and are in the process of being returned to duty, CENTCOM announced.
“The situation is fluid, so out of respect for the families, we will withhold additional information, including the identities of our fallen warriors, until 24 hours after next of kin have been notified,” CENTCOM said.
Smoke rises over the city center after an Israeli army launches 2nd wave of airstrikes on Iran on Saturday. (Fatemeh Bahrami/Anadolu via Getty Images)
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This is a developing story. Please check back for updates.
BREAKINGBREAKING,
The Magen David Adom (MDA) emergency service says that 20 others were injured by the impact.
Published On 1 Mar 2026
At least nine people have been killed after an Iranian missile strike on the central Israeli city of Beit Shemesh, as Tehran continued to launch retaliatory attacks a day after Supreme Leader Ayatollah Ali Khamenei was killed in US-Israeli strikes.
The Magen David Adom (MDA) emergency service said on Sunday that nine people were killed and 20 other people were injured by the impact, including two in serious condition.
The Israeli military said in a statement that search and rescue teams, and a helicopter to evacuate those injured are currently operating in Beit Shemesh, with the army’s spokesperson adding that the circumstances of the impact from the Iranian ballistic missile are under review.
More to come …
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