06:05 AM EST, 03/06/2025 (MT Newswires) -- Rio Tinto (RIO) said Thursday that it has completed the acquisition of Arcadium Lithium ( ARLTF ) for $6.7 billion.

The transaction was announced in October last year, with Arcadium Lithium ( ARLTF ) shareholders to receive $5.85 in cash for each share held, according to the statement.

Following the acquisition, Arcadium Lithium ( ARLTF ) will change its name to Rio Tinto Lithium and its shares will be delisted from the New York Stock Exchange and the Australian Securities Exchange, according to the statement.