Big news! Rio Tinto, a huge mining company, just got a lot of money to buy a lithium company called Arcadium Lithium. They needed cash for this big purchase, and they got it by selling bonds, which are like IOUs. It was a really big deal!
- Rio Tinto bought Arcadium Lithium for $6.7 billion.
- They raised $9 billion by selling bonds.
- This helps them move into making batteries, not just mining iron ore.
| Fact | Number |
|---|---|
| Money raised from bonds | $9 billion |
| Cost of Arcadium Lithium | $6.7 billion |
| Bond terms | 2 to 40 years |
This is important because it shows how companies are investing in new technology and materials needed for things like electric cars.
