Article in today's fin review where the Rio Minerals boss compares Lithium to diamonds
a few snippets:
Ms Kaufman said Rio anticipated enormous demand for lithium this decade and beyond and a big supply shortage even if every lithium project in the pipeline made it into production
.Rio sees the world being short by more than a million tonnes based on all mines in the planning stage going ahead and forecasts that electric cars will make up 50 per cent of light vehicles on the road by 2030,
Benchmark Mineral Intelligence chief operating officer Andrew Miller said the capital flow into lithium production was not keeping up with growth in demand despite concerned car and battery makers wading into the downstream space.
Mr Miller said some carmakers had “bet their businesses” on electrification and needed the supply chain to work.
https://www.a f r.com/companies/mining/rio-minerals-boss-compares-lithium-to-diamonds-20220928-p5blng?utm_content=markets&list_name=5655EA70-F54A-4680-8E43-524D4E016C59&promote_channel=edmail&utm_campaign=before-the-bell&utm_medium=email&utm_source=newsletter&utm_term=2022-09-29&mbnr=MTM3NTQyNTE&instance=2022-09-29-05-59-AEST&jobid=29417204 (take out the spaces between a f r)
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