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Arcadium Lithium Hits High as Acquisition Looms

1/24/2025

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Summary

Story summary

Arcadium Lithium (ALTM) shares reached a 52-week high of $5.74 due to rising lithium demand for electric vehicle batteries.
The company boasts a market cap of $6.15 billion and reported revenue of $900.6 million.
A proposed acquisition by Rio Tinto is pending approvals in Australia, Canada, and Italy after a completed CFIUS review.
Analysts are divided; Scotiabank has downgraded while Piper Sandler upgraded the stock.

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Story summary

Arcadium Lithium (ALTM) shares reached a 52-week high of $5.74 due to rising lithium demand for electric vehicle batteries.
The company boasts a market cap of $6.15 billion and reported revenue of $900.6 million.
A proposed acquisition by Rio Tinto is pending approvals in Australia, Canada, and Italy after a completed CFIUS review.
Analysts are divided; Scotiabank has downgraded while Piper Sandler upgraded the stock.