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The lithium industry is heating up as demand for electric vehicles (EVs) and renewable energy storage skyrockets. In a bold move, Rio Tinto, one of the world’s largest mining companies, has announced the acquisition of Arcadium Lithium, a rising star in the lithium production market. This acquisition positions Rio Tinto to dominate the growing lithium market, aligning its goals of becoming a leader in clean energy materials.

Why Rio Tinto Acquired Arcadium Lithium
Rio Tinto has been expanding its portfolio into battery metals over the last few years, recognizing the surge in demand for lithium, nickel, and other key materials critical to the green energy revolution. With EV production and renewable energy storage expected to explode in the next decade, lithium is at the heart of this transformation.