Arcadium Lithium Receives CFIUS Clearance for Proposed Acquisition by Rio Tinto
10 January 2025
Arcadium Lithium plc, a leading global lithium chemicals producer, announced that the Committee on Foreign Investment in the United States (CFIUS) has concluded its review of the proposed acquisition of Arcadium Lithium by Rio Tinto (previously announced on October 9, 2024) and determined that there are no unresolved national security concerns.
As of this release, merger control clearance has been satisfied or waived in Australia, Canada, China, Japan, South Korea, the United Kingdom and the United States (Hart-Scott-Rodino Antitrust Improvements Act of 1976). Additionally, investment screening approval has been satisfied in the United Kingdom.
The transaction remains subject to investment screening approvals in Australia, Canada and Italy, as well as other customary closing conditions. Arcadium Lithium expects the proposed transaction to close before mid-2025. For more information, please visit: https://ir.arcadiumlithium.com.
About Arcadium Lithium:
Arcadium Lithium is a leading global lithium chemicals producer committed to safely and responsibly harnessing the power of lithium to improve people's lives and accelerate the transition to a clean energy future. We collaborate with our customers to drive innovation and power a more sustainable world in which lithium enables exciting possibilities for renewable energy, electric transportation and modern life.
Arcadium Lithium is vertically integrated, with industry-leading capabilities across lithium extraction processes, including hard-rock mining, conventional brine extraction and direct lithium extraction (DLE), and in lithium chemicals manufacturing for high performance applications.
We have operations around the world, with facilities and projects in Argentina, Australia, Canada, China, Japan, the United Kingdom and the United States. For more information, please visit us at www.ArcadiumLithium.com.
Contacts:
Arcadium Lithium:
Investors:
Daniel Rosen
+1 215 299 6208
daniel.rosen@arcadiumlithium.com
Phoebe Lee
+61 413 557 780
phoebe.lee@arcadiumlithium.com
Media:
Karen Vizental
+54 9 114 414 4702
karen.vizental@arcadiumlithium.com
Source: prnewswire.com
