No point speculating about take overs. Just wait and see how...

No point speculating about take overs. Just wait and see how this plays out.

To quote and article from The Australian from last night:

"BHP and Rio Tinto have opened the coffers in an attempt to muscle in on the global battery metals supply chain, throwing down a combined $3.6bn to capture a slice of the booming demand for batteries and electric vehicles. But while both are keen to reposition their portfolios to capitalise on battery metals demand, the pair are pursuing different strategies."

Looks like they are both diversifying, similar to FMG, moving into other markets, to capitalise on new growth areas.