October 10, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Rio Tinto (NYSE:RIO) (London, England) has announced the acquisition of Arcadium Lithium (NYSE:ALTM) (Philadelphia, Pennsylvania) for US$5.85 per share, amounting to a transaction of US$6.7 billion. The deal has been approved by the boards of directors of both companies and is expected to be completed by mid-2025.