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 RIO has completed its previously announced acquisition of Arcadium Lithium for $6.7 billion on receiving the approval from the Royal Court of Jersey. This will position Rio Tinto as a major lithium producer with one of the world’s largest lithium resource bases.

Deal positions Rio Tinto among the world’s largest lithium miners, trailing only US-based Albemarle and Chile’s SQM.

The deal positions Rio Tinto as the ultimate parent company of Arcadium Lithium, now renamed Rio Tinto Lithium.

Diversified mining major Rio Tinto has officially completed its $6.7-billion acquisition of Arcadium Lithium. The deal, sanctioned by the Royal Court of Jersey on Wednesday, integrates Arcadium Lithium into Rio Tinto,

Rio Tinto (NYSE:RIO) said Thursday it completed its acquisition of Arcadium Lithium (ALTM) for $6.7B, following this week's approval by the Royal Court of Jersey; Arcadium will become Rio Tinto Lithium and include the Rincon lithium project in Argentina but not the Jadar project in Serbia.