Base Metals
Rio on the Hunt for Lithium Acquisitions
Rio Tinto is actively looking for lithium acquisitions, predicting prices for the key raw material in electric-vehicle batteries will stay high for a…
Rio Tinto is actively looking for lithium acquisitions, predicting prices for the key raw material in electric-vehicle batteries will stay high for a “long period of time.”
The world’s second-biggest mining company is pursuing “organic and M&A growth opportunities” in the sector, it said in a document published yesterday.
Rio believes half of all car sales could be electric by 2030, up from 9 per cent last year, and miners have been scouring the world for opportunities to bring on new supplies.
Mainly an iron ore miner, the company wants to increase its exposure to metals required for clean energy technology, including copper and lithium, and is developing projects for the battery metal in Argentina and California.
“High-grade brines and Australia hard rock” will be called upon to meet demand, the company said.
Rio currently has no lithium projects in Australia, the world’s largest exporter of the metal. The miner’s ambitions received a setback earlier this year when Serbia’s government blocked its plan to mine the metal at the proposed Jadar project in the country.
White House Prepares For “Serious Scrutiny” Of Nippon-US Steel Deal
White House Prepares For "Serious Scrutiny" Of Nippon-US Steel Deal
National Economic Adviser Lael Brainard published a statement Thursday…
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Students and families will see a redesigned FAFSA this year. Here’s how to fill it out.
Dolly Varden consolidates Big Bulk copper-gold porphyry by acquiring southern-portion claims – Richard Mills
2023.12.22
Dolly Varden Silver’s (TSXV:DV, OTCQX:DOLLF) stock price shot up 16 cents for a gain of 20% Thursday, after announcing a consolidation of…