“It also sees Rio Tinto enter the lithium market in a serious way for the first time, opening the door to future acquisitions of both hard rock miners, brine extractors, and chemical makers as the world’s third biggest commodity giant positions itself for the electric vehicle ramp up.

“Considering Rio Tinto’s potential future profits from other commodities, especially iron ore, lithium M&A is likely a formality in the coming years.”

https://www.mining.com/rio-tintos-lithium-market-entry-likely-only-start-of-battery-metal-ambitions/

Benchmark notes:“It also sees Rio Tinto enter the lithium market in a serious way for the first time, opening the door to future acquisitions of both hard rock miners, brine extractors, and chemical makers as the world’s third biggest commodity giant positions itself for the electric vehicle ramp up.

“It also sees Rio Tinto enter the lithium market in a serious way for the first time, opening the door to future acquisitions of both hard rock miners, brine extractors, and chemical makers as the world’s third biggest commodity giant positions itself for the electric vehicle ramp up.

“Considering Rio Tinto’s potential future profits from other commodities, especially iron ore, lithium M&A is likely a formality in the coming years.”