The acquisition closed at $5.85 per share, a 90% premium to ALTM’s closing price on Oct. 4. With lithium spot prices down in 2024, Rio Tinto got ALTM at a significant discount and acquired some ...
Lithium is enjoying a mini-revival on an uptick in Chinese electric vehicle demand and supply cuts, although analysts caution there’s still likely to be a surplus of the battery metal in 2025.