Mining giant Rio Tinto is in talks to buy New York-listed Arcadium Lithium, its latest attempt to establish a foothold in the fast-growing market for a critical mineral used to power electric cars.

Rio Tinto has made an approach to buy Arcadium Lithium, the two companies confirmed in separate statements on Monday morning.

Rio Tinto, has made an approach to buy lithium producer Arcadium Lithium, the two parties said in separate statements on Monday, without revealing any financial details. Rio's approach to Arcadium comes as miners are eager to secure supplies of critical minerals needed to power the global energy transition and comes after weeks of speculation over the deal.

Rio Tinto can sniff a bargain in beaten-down lithium miner Arcadium. But the sector remains divisive, and investors won’t want him to overpay.

RIO Tinto, the world’s second-largest miner, confirmed it has made a non-binding takeover approach for Arcadium Lithium. Read more at The Business Times.

The world’s second largest miner Rio Tinto Plc confirmed it has made a non-binding takeover approach for $3.3 billion lithium miner Arcadium Lithium Plc.

Rio Tinto has made a takeover approach to Arcadium Lithium which, if successful, would deliver it immediate production and a company which is looking to double sales over the next four years.

Rio Tinto in talks to acquire Arcadium Lithium, potentially becoming the third-largest producer of EV battery metal.

Following media speculation, Rio Tinto has confirmed it is holding discussions to acquire Arcadium Lithium, a leading global lithium chemicals producer created via the merger of Allkem and Livent.