Mining giant Rio Tinto (RIO) will officially purchase Arcadium Lithium (ALTM) in a $6.7 billion cash acquisition, priced at $5.85 per Arcadium share. This deal is set to catapult Rio Tinto as one of the leaders in lithium production.

Catalysts Co-Hosts Seana Smith and Madison Mills break down the details.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Angel Smith