Jakob Stausholm, chief executive officer of Rio Tinto Ltd., during a Bloomberg Television interview in New York, US, on Thursday, Sept. 26, 2024.
Rio Tinto has been holding talks to buy lithium miner Arcadium , three sources with direct knowledge of the negotiations said, a deal that would make Rio the third-largest producer of the electric vehicle battery metal.
An offer is expected to come in the near future, according to the second source.
Arcadium and Rio Tinto declined to comment.
Arcadium believes it is unlikely Rio will ever be able to develop the Serbian project, the second source said.
Persons:
Jakob Stausholm, Arcadium, Rio
Organizations:
Rio Tinto Ltd, Bloomberg Television, Rio Tinto, Rio, Tesla, BMW, General Motors, U.S, Local
Locations:
Rio, New York, London, Philadelphia, Albemarle, SQM, Asia, Serbia, Belgrade, Serbian, Argentina