Arcadium's Q3 profit drops 82% on tumbling lithium prices
Corrects spelling of company name in headline
Nov 7 (Reuters) -Arcadium ALTM.N, the lithium producer that has agreed to sell itself to Rio Tinto RIO.AX, said on Thursday its quarterly income fell 82% due to sliding prices of the electric vehicle battery metal.
The company posted third-quarter net income of $16.1 million, or a penny per share, compared to $87.4 million, or 17 cents per share, in the year-ago quarter. The company does not plan to hold a conference call to discuss the results.
Reporting by Ernest Scheyder
Editing by Chris Reese
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