Lithium miner Arcadium validates Rio Tinto requisition technique

(Reuters) – Lithium miner Arcadium on Sunday verified that international mining titan Rio Tinto has actually approached it relating to a prospective purchase.

“The approach is non-binding and there is no certainty that any transaction will be agreed to or will proceed,” Arcadium stated in the declaration.

Earlier today, Reuters solely reported that the business had actually been holding talks and an offer that would certainly make Rio the third-largest manufacturer of the electrical automobile battery steel.

(Reporting by Surbhi Misra in Bengaluru; Editing by Cynthia Osterman)