Rio Tinto Group negotiates to acquire Arcadia Lithium, a company with a market value of $3 billion

Mining giant Rio Tinto is in talks to acquire Arcadium Lithium, a company valued at $3 billion, in order to establish a foothold in the rapidly growing lithium market. Rio Tinto has made a takeover offer to Arcadium, but it is not yet certain whether an agreement can be reached. The company aims to reshape its business by increasing metal production, as it is expected that lithium demand will surge in the next 10 years, especially in the electric vehicle and large battery sectors