Arcadium Lithium Secures Key U.S. Approval, Advancing Rio Tinto Acquisition

Arcadium Lithium, a leading global producer of lithium chemicals, has obtained approval from the Committee on Foreign Investment in the United States (CFIUS) for its acquisition by Rio Tinto. This clearance removes one of the final regulatory hurdles for the deal initially announced in October 2024.

By Panorama Minero

With this approval, regulatory requirements have now been met or waived in key markets such as the United States, the United Kingdom, Australia, Canada, China, Japan, and South Korea. However, the transaction's completion still depends on securing investment approvals in countries including Australia, Canada, and Italy, along with other customary conditions.

The deal, which represents one of Rio Tinto's largest investments in the lithium sector, is expected to close by mid-2025. It will further solidify the company’s position in a strategic market driven by the global energy transition.

This move underscores the growing interest of major mining companies in securing their role within the critical minerals supply chain amid soaring demand for electric vehicles and energy storage solutions.