Conditions in critical minerals markets are changing
There's a lithium boom coming, but it won't be like those of 2017 or 2022 which were driven by spikes in the price of the battery metal. This time the action will start with a burst of mergers and acquisitions . Rio Tinto 's proposed $6.7 billion takeover of Arcadium Lithium and Pilbara Minerals $560 million takeover of Latin Resources set the M&A ball rolling but with more to come ahead of a future upturn in the lithium price.
5 million its Rincon direct lithium extraction project in Argentina.Jakob Stausholm, chief executive of Rio Tinto, said the long term outlook for lithium was bright as energy transition gathered pace with Rincon a winner thanks to its low costs."We are positioning ourselves to become one of the top lithium producers," Stausholm said of the Rincon project last week.
Rio Tinto Latin Resources Allens Arcadium-Rio Merger
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