Rio to buy Arcadium (90% Premium) for $ 6.7 billion....RIO is to buy Arcadium for $ 6,7 billion, a 90% premium to the market and will become the 3rd largest lithium producer.
RIO stated that LONG TERM DEMAND WILL BE STRONG.
RIO sees shortfall by end of decade at 10% compounded rate through 2040 (so big shortfall year over year).
You can rest assured that the other big competitors are not going to sit on their hands while RIO vaults to #3 position.
I am expecting alot of Merger and Acquisitions in Q4-2024 and Q1-2025 as companies began to protect their turf. This bodes well for NILI as timing is perfert to strike a deal with companies hungry to make a deal.
https://www.reuters.com/markets/deals/rio-tinto-buy-arcadium-lithium-67-bln-2024-10-09/
Good Luck,