Rio still looking around to purchase. PMT has a shit load to sell and could possibly have a small scale deal for them
This from yahoo(Bloomberg)Rio TintoLooking at Possible Lithium Deals, Stausholm Says
Tue, 1August 2023 at 2:05 pm ACST
Rio TintoGroup, the world’s biggest iron ore miner, is looking at a number of possiblelithium acquisitions and would like to buy an asset to produce or refine thekey-battery material in Canada, according to Chief Executive Officer JakobStausholm.
The company still sees opportunities for small-scale deals inmetals that could be similar to its purchase of a majority stake in a Chileanexploration project this week, Stausholm told reporters in Melbourne onTuesday. Still, he stressed the need for organic growth, adding the hype aroundcopper and lithium assets wouldn’t drive it toward major acquisitions in thosesectors.
The CEO also said Rio sees steel production in China as fallingslightly this decade. The market currently looked to be “fairly stable,” hesaid.
Rio still looking around to purchase. PMT has a shit load to...
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