Rio Tinto Charges Ahead Into Lithium Despite A Falling Market
News Source : Forbes
News Summary
- Weighing heavily on battery metals is sluggish demand for electric vehicles (EVs), especially in Europe and the U
- S
- Rio Tinto’s deal, a proposed merger with Arcadium Lithium, this week won the backing of Arcadium shareholders who voted 98% in favour of their business being acquired
Conflicting market signals continue to cloud the outlook for battery metals, especially lithium, with Rio Tinto, one of the worlds biggest miners, pushing ahead with a $6.7 billion acquisition, just [+2687 chars]
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