(Reuters) – Lithium miner Arcadium on Sunday verified that worldwide mining titan Rio Tinto has truly approached it regarding a potential buy.
“The approach is non-binding and there is no certainty that any transaction will be agreed to or will proceed,” Arcadium acknowledged within the declaration.
Earlier right now, Reuters solely reported that the enterprise had truly been holding talks and a proposal that would definitely make Rio the third-largest producer of {the electrical} car battery metal.
(Reporting by Surbhi Misra in Bengaluru; Editing by Cynthia Osterman)
