So, the good news seems to be, Rio has taken their good time to dee-dive the lithium market, and wants in, big time.
I suspect that reflects their view they will soon get very strong prices.
Doubt they are challenged by short term Chinese price manipulation- they are very skilled in that area from iron ore markets.
And the biggest joke is the LTM chatter that Rio can use its balance sheet to unlock/accelerate LTM projects. Yes, they could, but they are more likely to sit on them, and force mid-term prices higher, where they should and need to be.
James Bay may still be a long way off production.
So, the good news seems to be, Rio has taken their good time to...
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