BUZZ-ASX-listed shares of Arcadium Lithium hit 1-year high on foreign investment clearance

Reuters01-09 08:20

BUZZ-ASX-listed shares of <a href="https://laohu8.com/S/ALTM">Arcadium Lithium</a> hit 1-year high on foreign investment clearance

** ASX-listed shares of Arcadium Lithium ALTM.AX rise as much as 8.2% to A$9.15, their highest since Jan. 12, 2024

** Stock marks its best day since Dec. 24

** Stock is the top performer on the ASX 200 benchmark

** Lithium chemicals producer says it has received clearance from the Committee on Foreign Investment in the United States (CFIUS) regarding co's proposed acquisition by Rio Tinto RIO.AX

** Says the committee found no unresolved national security concerns surrounding the takeover deal

** Adds co expects the proposed transaction to close before mid-2025

** About 2.1 mln shares change hands, compared with the 30-day average volume of 1.5 mln

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.Kumar@thomsonreuters.com))

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