News Articles for Arcadium Lithium

Mining heavyweight Rio Tinto has confirmed the shuttering of its newly acquired Mt Cattlin lithium mine is nearly complete but will continue to study a possible underground development.

This week's Bulls N' Bears Runner of the Week is … lithium. The silvery-white metal is back in the headlines for all the right reasons, pumping the share prices of several companies, including Arcadium Lithium, which is at the centre of a takeover bid by Rio Tinto. Kali Metals also spiked on the lithium trend, while Rimfire Pacific Mining and Rhythm Biosciences also ran hard.

With burgeoning expectations for a new lithium wave to soon appear on the horizon, Chariot Corporation – the biggest lithium landowner in the US – has made a strategy shift at its Black Mountain project in Wyoming to get ready for the ride. The plan is to take advantage of Wyoming's unique mining regulations in order to scale a future mine in line with the lithium market.

Rio Tinto is boasting the world's largest lithium resource base and major growth options after striking a counter-cyclical $US6.7 billion ($A9.9 billion) deal to buy Arcadium Lithium.

Rio Tinto has confirmed it approached battery metals miner Arcadium Lithium over a potential acquisition, as lithium prices hover at a cyclical low.

Two battery metals mines near Ravensthorpe used to support a 400-strong workforce of local residents, but this time next year most of them will be out of a job.

Arcadium Lithium plans to mothball its Mt Cattlin lithium mine north of Ravensthorpe citing the continued slump of spodumene prices.

Lithium Universe is positioning itself to fill what it believes will be a 700,000-tonne per year lithium carbonate gap in the mammoth North American electric vehicle market by establishing its own refinery in Canada. With experts and analysts all around the world predicting a vibrant third wave for the lithium market, the company's plan is to sit at the centre of the cyclone.

Galan Lithium has continued to ramp up its Hombre Muerto West lithium chloride project in Argentina, with evaporation in its first pond continuing, a second now filling up and construction of a third well underway. The company says the first pond already contains about 500 tonnes of lithium carbonate equivalent, with production planned to start in the first half of next year.