Rio Tinto (RIO) Acquisition of Arcadium Lithium (ALTM) Spurs Market Excitement

Rio Tinto (RIO, Financial) has announced its acquisition of Arcadium Lithium (ALTM), stirring excitement in the lithium industry and causing stock prices of related companies to surge. This strategic move positions Rio Tinto as the world's third-largest lithium producer, following Albemarle and SQM. The acquisition has fueled speculation that smaller lithium producers may become targets for similar deals, leading to stock price increases exceeding 10% for companies such as Liontown Resources Ltd., Sayona Mi ...