Articles for tag: Arcadium, buy, join, lithium, miners, Rio, Tinto, top

October 10, 2024

Ron Finklestien

mining

Rio Tinto’s Strategic Move to Acquire Arcadium Elevates its Lithium Standing

A Game-Changing Acquisition Rio Tinto, the second-largest miner globally, has announced its acquisition of United States-based lithium company Arcadium for $5.85 per share—a substantial 90% premium over Arcadium’s recent stock closing price of $3.08 on October 4. Rio Tinto’s New Lithium Frontier By purchasing Arcadium, Rio Tinto sets its sights on becoming one of the top lithium producers worldwide, trailing only behind Albemarle and SQM. The deal will grant Rio Tinto access to lithium mines in Argentina and Australia, coupled with processing facilities spanning the US, China, Japan, and the UK. Notably, its client roster includes industry heavyweights like Tesla,

May 27, 2024

Ron Finklestien

mining

Utah ranked top jurisdiction for mining investment by Fraser Institute

To arrive at the ranking, the Fraser Institute surveyed approximately 2,045 mining-related firms globally between August 16, 2023, and January 9, 2024, tallying their opinions on both mineral endowment and policy factors. These companies had reported exploration expenditures of $4.2 billion in 2022 and $4.1 billion in 2023, according to Canadian think tank. The top rankings for 2023. Credit: The Fraser Institute Rounding out the top five were the Canadian provinces of Saskatchewan and Quebec, followed by Western Australia, which topped the list in 2021. Overall, Canada has the most jurisdictions within the top 10. On the other end of

January 31, 2024

Ron Finklestien

mining

Silver’s Emergence as a Critical Mineral in North America Silver’s Emergence as a Critical Mineral in North America

The case for silver In December 2023, Natural Resources Canada embarked on a journey to review Canada’s Critical Minerals list and methodology, inviting public commentary. One criterion highlighted the imperative role of the mineral in propelling the nation towards a low carbon and digital economy. Silver, revered as the ultimate electrical and thermal conductor, along with its unrivaled reflective properties, is heralded as indispensable for various industrial and technological applications. The surge in demand for technologies such as solar power has fueled a corresponding increase in industrial demand for silver. Global demand and industrial applications In 2023, global silver demand

January 31, 2024

Ron Finklestien

mining

The Remorseless Collapse of First Quantum Minerals

Metal and mineral markets are notoriously erratic and prone to abrupt downturns. The 2023 plunge in nickel, cobalt, and lithium prices, while extreme, is but one of many such episodes in the volatile history of these commodities. Industry veterans can recall the tumult of rare earth production, the fluctuations in platinum group metal markets, and even the rollercoaster ride of gold and silver trading over the years. Despite geopolitical and market upheavals, major mining companies have grown nimbler at navigating choppy waters. However, the ranking of the top 50 miners in 2023 witnessed swift and drastic changes – a stark

January 30, 2024

Ron Finklestien

mining

Atop the mountain of mining mergers and acquisitions, a report has hailed BMO Capital Markets and Canaccord Genuity Group as the paragons of advisory prowess in this lucrative corner of the financial world. Aurojyoti Bose, lead analyst at GlobalData, effusively noted that “Canaccord Genuity Group registered significant growth in the volume of deals advised and ranking by this metric in 2023 compared with the previous year.” Like the champions of mining M&A alchemy, Canaccord Genuity Group was the only adviser to hit the double-digit deal volume in 2023, a feather in its ever-glistening cap. Not to be outshone, BMO Capital

January 3, 2024

Ron Finklestien

mining

Chilean Government’s Lithium Partnership Chilean Government Forges New Path with Lithium Partnership

President Gabriel Boric’s bold plan mandates that any company seeking to mine lithium in Chile must form a partnership with the government, with the state possessing a controlling stake. The innovative strategy seeks to not only expand lithium extraction but also utilize cutting-edge eco-friendly technology and incorporate the perspectives of local Indigenous communities. Executives from China’s Tianqi, a significant shareholder in SQM, expressed their investment intentions during a meeting in December. Similarly, LG Energy and France’s Eramet indicated their interest in forming alliances, with the latter looking to explore a partnership in its 120,000-hectare lithium concession in the Atacama region.