Rio Tinto Buys Fallen Lithium Stock As Battery Metal Price Bottoms; Albemarle Gets Target Boost

Blockhead10-09

Mining giant Rio Tinto (RIO) announced an all-cash $6.7 billion deal for Arcadium Lithium (ALTM), vaulting the iron ore leader into a top-tier producer of the battery metal. Rio Tinto had also ...

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Rio Tinto had also ...</p>\n\n<a href=\"https://www.investors.com/news/rio-tinto-buys-arcadium-lithium-battery-metal-price-bottoms-albemarle/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rio Tinto Buys Fallen Lithium Stock As Battery Metal Price Bottoms; Albemarle Gets Target Boost</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRio Tinto Buys Fallen Lithium Stock As Battery Metal Price Bottoms; Albemarle Gets Target Boost\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-09 21:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/rio-tinto-buys-arcadium-lithium-battery-metal-price-bottoms-albemarle/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mining giant Rio Tinto (RIO) announced an all-cash $6.7 billion deal for Arcadium Lithium (ALTM), vaulting the iron ore leader into a top-tier producer of the battery metal. Rio Tinto had also ...</p>\n\n<a href=\"https://www.investors.com/news/rio-tinto-buys-arcadium-lithium-battery-metal-price-bottoms-albemarle/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7507","symbol_name":"资源股","start_time":0,"source_url":"https://www.investors.com/news/rio-tinto-buys-arcadium-lithium-battery-metal-price-bottoms-albemarle/","article_id":"2474225080","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2022/10/Stock-albemarle-03-shutt-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474225080","pubTimestamp":1728481762,"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"Rio Tinto is buying fallen lithium stock Arcadium Lithium for $6.7 billion, capitalizing on a crash in lithium prices. Albemarle, seen as a potential M&A target, rallied.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7507":"资源股","BK4548":"巴美列捷福持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU1917777945.USD":"安联专题基金Cl AT Acc","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","PLS.AU":"PILBARA MINERALS LTD","LAC":"Lithium Americas Corp.","BK4168":"多种金属与采矿","ALB":"美国雅保","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","BK4144":"石油与天然气的储存和运输","BK4109":"特种化学制品","RIO":"力拓","BK7511":"ESG概念","RIO.AU":"力拓","BK4585":"ETF&股票定投概念","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","SGML":"Sigma Lithium Corporation","LU0823414478.USD":"法巴经典能源转换基金","LU1861214812.USD":"Blackrock Future of Transport A2 USD","BK7504":"锂钴概念","BK4588":"碎股","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H","BK4545":"锂电池","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK7095":"多种金属与采矿","LU1548497426.USD":"安联环球人工智能AT Acc","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","ALTM":"Arcadium Lithium","LU1803068623.USD":"TEMPLETON GLOBAL CLIMATE CHANGE \"AH1\" (USDHDG) ACC","ALB.AU":"Albion Resources Limited","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC"},"translate_title":"随着电池金属价格触底，力拓买入下跌的锂股；雅宝(Albemarle)目标提升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALB.AU":1,"SGML":1,"RIO.AU":1,"RIO":1,"PLS.AU":1,"LAC":1,"ALB":1,"ALTM":1},"content_text":"Mining giant Rio Tinto (RIO) announced an all-cash $6.7 billion deal for Arcadium Lithium (ALTM), vaulting the iron ore leader into a top-tier producer of the battery metal. Rio Tinto had also reportedly considered a bid for Albermarle (ALB) before honing in on Arcadium.\nFor U.K.-based Rio Tinto, which gets the bulk of its revenue from iron ore, the deal marks a major step toward repositioning it as a leader in commodities key to the energy transition. Rio is capitalizing on the current lithium market surplus that has crashed prices, though the market could face supply deficits by the end of the decade as the shift to EVs gathers steam.\n\n\nRobinhood, Commvault, Eli Lilly Flash Buy Signals\" vid-repeat=\"1\" vid-top=\"\" vid-url=\"https://content.jwplatform.com/manifests/06fdlSyw.m3u8\" vid-width=\"100\">\n↑\nX\n\n\n\n\nNasdaq Leads Bounce; Robinhood, Commvault, Eli Lilly Flash Buy Signals\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nNasdaq Leads Bounce; Robinhood, Commvault, Eli Lilly Flash Buy Signals\n\n\n\n\nRio Tinto Feasts On Fallen Lithium\nRio agreed to pay $5.85 per share, a 90% premium to the Oct. 4 closing price. Shares of Arcadium spiked the next day on a Reuters report that Rio had approached Arcadium. Ahead of that news, The Australian newspaper had reported Rio's interest in acquiring either Arcadium or Albemarle.\nArcadium was formed with the merger of U.S.-based Livent, which was spun out of FMC Corp. in 2019, with Australia's Allkem. The combination created a combined company valued at $10.6 billion in December 2023.\nAlbemarle has a current market value of $11.8 billion, though ALB stock is 43.5% below its 52-week high and down 70% from its all-time high in November 2022.\nLithium stocks collapsed along with prices for the key battery metal as supply got ahead of demand that has materialized slower than expected. Trading Economics shows that the price for lithium carbonate has fallen to 76,500 yuan, or $10,823, per metric ton. That's down from a peak of 597,500 yuan, or $84,534, based on the current exchange rate.\nThe current price is too low to incentivize new production, so companies across the industry, including Albemarle and Arcadium have taken steps to curtail output or delay capacity expansions. Those measures appear to have succeeded in establishing a bottom for lithium prices last month, sending lithium stocks to make another run at breaking their long downtrends.\nLithium Stocks Rise On RIO Deal\nRio stock slipped 1.65% to 65.56 in early Wednesday stock market action, after terms of the Arcadium deal were announced. ALTM jumped 30% to 5.52.\nRio shares, like other commodities stocks, have been volatile lately, surging on news of ramped-up stimulus in China but falling on Tuesday amid worries that the stimulus won't be as forceful as hoped.\nLithium stocks also have participated in the China rally. In a late Tuesday note, Wells Fargo analysts said that higher EV sales in China should provide support for lithium prices in 2025. The analysts raised their price target for ALB stock to 110 from 100, keeping an equal weight rating.\nAlbemarle stock rose 2.65% to 102.92 early Wednesday. ALB stock is a name that may be worth keeping an eye on once it retakes its 200-day moving average.\nOther lithium stocks also were higher. Lithium Americas (LAC) rose 4.4%, and Sigma Lithium (SGML) 3.9%.\nBe sure to read IBD's The Big Picture column after each trading day to get the latest on the prevailing stock market trend and what it means for your trading decisions.\nYOU MIGHT ALSO LIKE:\nThese Are The Best 5 Stocks To Buy And Watch Now\nJoin IBD Live Each Morning For Stock Tips Before The Open\nIBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today\nAI News: Artificial Intelligence Trends and Top AI Stocks To Watch","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474225080"}