💨 Abstract

Rio Tinto's $6.7 billion acquisition of Arcadium grants it access to direct lithium extraction (DLE) technologies, poised to revolutionize lithium production for electronics and EV industries. Arcadium's expertise in DLE, expected to grow to $10 billion in annual revenue within a decade, positions Rio alongside competitors like Eramet, Sunresin, and Exxon Mobil.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖