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Mergers & Acquisitions

Arcadium Lithium buys lithium metal firm

by Matt Blois
August 15, 2024 | A version of this story appeared in Volume 102, Issue 25
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Arcadium Lithium has acquired Li-Metal’s lithium metal business for $11 million. The deal includes Li-Metal’s pilot production facility in Ontario, Canada. Arcadium says the acquisition gives it safer and lower-cost technologies to produce lithium metal from lithium carbonate; it already produces lithium metal from lithium chloride. The firm uses lithium metal to make chemicals for medicine, agriculture, and electronics, and hopes to supply it to next-generation battery makers in the future.

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