The Latest Breaking News from Rio Tinto

Australian mining giant BHP is at the centre of one of the world’s largest class actions, the trial for which started this week in London.

The federal government has been urged to strike an urgent deal on environmental laws as Rio Tinto joins those calling for reforms that tackle climate change.

The ASX200 has risen 0.4 per cent, with Arcadium Lithium soaring 39 per cent after the lithium company agreed to be bought by Rio Tinto for $10 billion.

Rio Tinto is buying fallen lithium stock Arcadium Lithium for $6.7 billion, capitalizing on a crash in lithium prices. Albemarle, seen as a potential M&A target, rallied.

Rio Tinto will be acquiring Arcadium in an all-cash $6.7 billion deal that would cement it as one of the world's top lithium producers.

Deal will make Rio the world’s number three player in supply of so called “white gold”

Rio Tinto will pay a 90 per cent premium to acquire Arcadium Lithium, adding lithium to its aluminium and copper operations.

December S&P 500 E-Mini futures (ESZ24) are down -0.48%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.67% this morning as Treasury yields extended their rise after Friday’s strong jobs report spurred a sharp paring of rate-cut expectations, while investors awaited U.S. inflation data, the start of the third-quarter…

Rio Tinto is reportedly considering paying $4-6 billion to acquire U.S. lithium producer Arcadium, which would give it access to mines and processing facilities on four continents. The move highlights the global competition for lithium dominance in the face of rising demand for electric vehicles.

The ASX200 has finished 0.7 per cent higher with gains for retail banks along with lithium miners after a major takeover offer by Rio Tinto.

While China's stimulus is expected to spur its economic growth, metal and mining companies will also benefit from the recovery in China. BHP and RIO look like 2 high-yielding dividend stocks to buy for investors looking to play China's stimulus.