As previously reported, Argus downgraded Arcadium Lithium (ALTM) to Hold from Buy. The company announced that it was being acquired by Rio Tinto in October at $5.85 in mid-2025, and while the stock’s current share price is approximately 13% below Rio Tinto’s offering price, volatility in the price of lithium makes this arbitrage opportunity “riskier and less compelling”, the analyst tells investors in a research note.
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