Did you know that a big company called FMC used to make lithium for batteries? They decided to focus on other things, like making bug spray! They sold their lithium part to create a new company called Livent. Livent then joined with another company to become Arcadium Lithium. Now, a giant mining company, Rio Tinto, is buying Arcadium! This shows how businesses change and how important lithium is for things like electric cars.
- FMC used to make lithium, but now makes other things.
- Livent was created from FMC's lithium business.
- Livent merged with Allkem to become Arcadium Lithium.
- Rio Tinto is buying Arcadium for $6.7 billion!
| Company | What it did | Money Involved |
|---|---|---|
| FMC | Sold its lithium business | $4.6 Billion (original value) |
| Livent | Merged with Allkem | N/A |
| Arcadium Lithium | Bought by Rio Tinto | $6.7 Billion |
