Rio Tinto: UBS still on hold

(CercleFinance.com) - UBS confirms its Neutral recommendation on the stock, with a target price of 5250 pence, following its agreement to acquire Arcadium Lithium.


This TP gives the stock just 4% upside potential.

Rio Tinto has agreed to acquire Arcadium Lithium for $6.7bn in cash, UBS states.

This offer represents a premium of 90% over Arcadium's closing price on 4 October 2024.

The acquisition will enable Rio Tinto to integrate the global operations of Arcadium, a major lithium producer with an annual capacity of 75,000 tonnes in lithium carbonate equivalent, doubling by 2028.


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