We’ve completed our acquisition of Arcadium Lithium valued at about $6.7 billion. This establishes us as a global leader in energy transition commodities and one of the leading lithium producers globally with one of the world’s largest lithium resource bases.

Arcadium’s operations and growth projects are located in geographies where we already have a significant presence, allowing us to leverage our existing infrastructure, networks and expertise to achieve substantial benefits over time.

Together, we are accelerating our efforts to source, mine and produce minerals needed for the energy transition. By combining Rio Tinto’s scale, financial strength, operational and project development experience with Arcadium’s Tier 1 assets, technical and commercial capabilities, we are creating a world-class lithium business which sits alongside our leading iron ore, aluminium and copper operations. We believe we are well-positioned to deliver the materials needed for the energy transition while maintaining our focus on respecting local communities, minimising environmental impacts and delivering value for shareholders and other stakeholders.”

Jakob Stausholm, Chief Executive

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