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Topic: rio-tinto

Lithium brine evaporation ponds at the Salar de Atacama in Chile, seen from above
Markets
Wednesday, 6/24, 11:30 PM

Rio Tinto Bets on Lithium as Its Fastest-Growing Business

  • Rio Tinto, the world's second-largest mining company, said lithium is now its fastest-growing division and aims to roughly triple production to more than 200,000 tonnes a year by 2028 — a long-term bet on electric-vehicle demand made just over a year after a $6.7 billion acquisition, and during a deep slump in lithium prices.

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