Found this article today from the Saskatoon StarPhoenix about Rio.
https://thestarphoenix.com/commodities/mining/rio-tinto-eyes-canada-lithium
Mining giant Rio Tinto eyes Canada in hunt for top-tier lithium propertyCEO says lithium to dominate market for EV battery metals
“We would like to grow lithium, but what’s clear is that lithium is abundant in this world,” Stausholm said at the Prospectors & Developers Association of Canada convention. “And, therefore, you have seen a very volatile (market). Sometimes very high prices, and now prices have gone down so far.”
Lithium is expected to play a key role in the energy transition away from fossil fuels since it’s used to build batteries for electric vehicles (EVs). Several miners are exploring lithium projects in Canada, but there is just one major company — North American Lithium Inc., which is owned by Sayona Mining Ltd. and Piedmont Lithium Inc. — producing the mineral in the country.
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