Arcadium LithiumALTM
ALTM
Delisted
ALTM was delisted on the 7th of March, 2025.
About: Arcadium Lithium is a pure-play lithium producer that was formed by the Allkem-Livent merger in January 2024. The company agreed to a deal for Arcadium to be acquired by Rio Tinto in an all-cash transaction that should close in 2025. Arcadium should benefit from increased lithium demand via higher electric vehicle adoption, as lithium is a key component of EV batteries. The company's low-cost lithium carbonate production comes from two brine resources in Argentina. Arcadium also produces spodumene, a hard rock lithium upstream concentrate, from a mine in Australia and operates downstream lithium hydroxide conversion plants in the United States and China.
Employees: 2,604
Financial journalist opinion
Neutral
PRNewsWire
1 month ago
Arcadium Lithium Announces Effective Date of Make-Whole Fundamental Change for Convertible Senior Notes
PHILADELPHIA and PERTH, Australia , March 6, 2025 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium"), a leading global lithium chemicals producer, announced that the previously announced acquisition by Rio Tinto has been completed. The completion of the acquisition constitutes a Make-Whole Fundamental Change for the 4.125% Convertible Senior Notes due 2025 issued by Livent Corporation, a wholly owned subsidiary of Arcadium Lithium.
Positive
Proactive Investors
1 month ago
Rio Tinto splashes $1.8bn on iron ore mine as Arcadium takeover completes
Rio Tinto Ltd has firmed up completion of its acquisition of Arcadium Lithium and said $1.8 billion will be spent on extending the Brockman iron ore mine in Western Australia. Arcadium had been taken over for $6.7 billion following court approval, Rio said on Thursday, leaving shareholders set to receive $5.85 a share each.
Neutral
Business Wire
1 month ago
Rio Tinto completes acquisition of Arcadium Lithium
LONDON--(BUSINESS WIRE)--Rio Tinto has completed its acquisition of Arcadium Lithium plc (“Arcadium Lithium”) (NYSE: ALTM) (ASX: LTM) for $6.7 billion, following the sanctioning of the Scheme of Arrangement by the Royal Court of Jersey on 5 March. Rio Tinto is now the ultimate parent company of Arcadium Lithium, which will become Rio Tinto Lithium, and will also include the Rincon lithium project. The acquisition establishes Rio Tinto as a global leader in the supply of energy transition materi.
Negative
Zacks Investment Research
1 month ago
Arcadium (ALTM) Lags Q4 Earnings Estimates
Arcadium (ALTM) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.34 per share a year ago.
Neutral
PRNewsWire
1 month ago
Entegris Set to Join S&P MidCap 400
NEW YORK , Feb. 27, 2025 /PRNewswire/ -- Entegris Inc. (NASD: ENTG) will replace Arcadium Lithium plc (NYSE: ALTM) in the S&P MidCap 400 effective prior to the opening of trading on Thursday, March 6. Rio Tinto plc (ASX: RIO) is acquiring Arcadium Lithium in a deal expected to be completed soon, pending final closing conditions.
Neutral
PRNewsWire
1 month ago
Arcadium Lithium Releases Fourth Quarter and Full Year 2024 Results
PHILADELPHIA and PERTH, Australia , Feb. 27, 2025 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium" or the "Company") today reported results for the fourth quarter and full year of 2024. As a result of its pending acquisition by Rio Tinto, announced on October 9, 2024 (the "Transaction"), and as is customary during such transactions, Arcadium Lithium will not hold an earnings conference call in connection with its fourth quarter and full year financial results.
Neutral
GlobeNewsWire
1 month ago
Arcadium Lithium's Fenix Lithium Mine Completes IRMA Audit
Becomes first operation in Argentina to be audited against the world's only equally governed mining standard Becomes first operation in Argentina to be audited against the world's only equally governed mining standard
Neutral
PRNewsWire
2 months ago
Arcadium Lithium Receives All Required Regulatory Approvals Globally to Close Acquisition by Rio Tinto and Announces Court Hearing Date
PHILADELPHIA and PERTH, Australia , Feb. 13, 2025 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium"), a leading global lithium chemicals producer, has now received all required pre-closing regulatory approvals in connection with the proposed acquisition of Arcadium Lithium by Rio Tinto (the "Transaction" previously announced on October 9, 2024). This includes merger control clearance being satisfied or waived in Australia, Canada, China, Japan, South Korea, the United Kingdom and the United States (Hart-Scott-Rodino Antitrust Improvements Act of 1976), as well as investment screening approval being satisfied in Australia, Canada, Italy, the United Kingdom and the United States (CFIUS).
Neutral
PRNewsWire
2 months ago
Arcadium Lithium Announces Date for Fourth Quarter and Full Year 2024 Earnings Release
PHILADELPHIA and PERTH, Australia , Feb. 6, 2025 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium") today announced it will release fourth quarter and full year 2024 earnings results on Thursday, February 27, 2025, after stock market close via PR Newswire and the company's investor relations website at: https://ir.arcadiumlithium.com. As a result of its pending acquisition by Rio Tinto, and as is customary during such transactions, Arcadium Lithium will not hold an earnings conference call in connection with its fourth quarter financial results.
Positive
Reuters
3 months ago
Rio Tinto to form new lithium unit after Arcadium buy, memo says
Anglo-Australian mining giant Rio Tinto , plans to create a standalone lithium division after it closes its $6.7 billion acquisition of Arcadium Lithium , according to an internal memo seen by Reuters.
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