Allkem General Discussion, page-3719

"0055 GMT - Rio Tinto's ambition to play a bigger role in supplying metals essential to the energy transition has UBS pondering whether the miner could turn to M&A. In a note, analyst Lachlan Shaw says Rio Tinto's two lithium projects in its pipeline--Rincon in Argentina and Jadar in Serbia--are relatively high risk. "As a result, we see potential for Rio Tinto to grow in lithium through M&A (albeit M&A is not without risk either)," Shaw says. "This has become more likely over the last six months with lithium prices falling more than 60% from all-time highs (from $80/kg in December 2022 to $30/kg) and with the lithium industry consolidation accelerating." ([email protected]; @dwinningWSJ)"

(END) Dow Jones Newswires

May 16, 2023 20:55 ET (00:55 GM

Tick tock...

Not advice