Rio Tinto has completed the $6.7 billion acquisition of Arcadium Lithium and is now the parent company of Arcadium Lithium, which will be renamed Rio Tinto Lithium and will also include the Rincon Lithium Project.
Rio Tinto announced that it will acquire Arcadium Lithium in an all-cash transaction for $5.85 per share that values Arcadium’s at approximately $6.7 billion.
As part of a multi-year agreement, US specialty chemicals company Albemarle will supply German car manufacturer BMW with battery-grade lithium for its electric vehicles (EVs), starting in 2025.
Arcadium Lithium announced the completion of the all-stock merger of equals between Allkem and Livent. With roughly $1.9 billion of combined total revenue in 2022 and a global team of more than 2,600 employees, the new, combined company is one of the largest integrated producers of lithium chemicals.
US specialty chemicals company Albemarle has announced that it will not pursue a binding agreement to purchase Liontown Resources and has formally withdrawn its non-binding offer.
Australian lithium miner Liontown announced that it has received a revised conditional and non-binding indicative proposal from Albemarle to acquire all of the ordinary shares outstanding in Liontown for A$3.00 in cash per share via scheme of arrangement. The revised proposal values Liontown at A$6.6 billion ($4.3 billion) on an equity value basis.
Thailand’s Indorama Ventures (IVL) says it is “continuing to assess” plans to build and operate a plant for “world-class” lithium-ion battery solvents at one of its petrochemical facilities on the US Gulf Coast, but no longer with Capchem USA, subsidiary of China’s Shenzen-Capchem Technology.
The development and demonstration of a resilient power supply for data centers using fuel cells is the goal of the current EU research project "EcoEdge PrimePower" (E2P2). For the safe and long-term use of fuel cells, Tec4fuels is developing a water loop for the process water supply of solid oxide fuel cells (SOFC).
UK lithium processing company Green Lithium has agreed terms with major commodities trader Trafigura to build a commercial lithium refinery. The facility, to be built at an undisclosed location in the UK, will supply high-purity lithium hydroxide to both UK and European markets. Wood will oversee the refinery’s engineering, construction and commissioning.
Australian companies Orocobre and Galaxy Resources have agreed to a “merger of equals” that they said would create the world’s fifth-largest manufacturer of lithium chemicals. The deal, valued at A$4 billion, has been unanimously approved by the boards of both companies and is expected to complete by August 2021.
