10 Firms, Predominantly Gold Miners, Lead Wednesday Rally

3. Arcadium Lithium Plc (ALTM)

Arcadium Lithium Plc (ALTM) saw its share price jump by 8.16 percent on Wednesday to finish at $5.7 apiece following approval from the Committee on Foreign Investment in the United States (CFIUS) for its impending acquisition by mining giant Rio Tinto.

The transaction also obtained a merger control clearance or waivers in several jurisdictions such as Australia, Canada, China, Japan, South Korea, the United Kingdom, and the United States under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The United Kingdom likewise granted investment screening approval.

The transaction, however, remains subject to investment screening approvals in Australia, Canada, and Italy as well as other customary closing conditions.

Arcadium Lithium (ALTM) said it expects the transaction to be completed by mid-2025.