Australian mining group Rio Tinto has finalised the takeover of the lithium producer Arcadium from the USA, which was announced in October. The

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

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.

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 (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.