LSE:RIOMetals and Mining
Rio Tinto Balances Nemaska Lithium Growth With SimFer Safety Setback
Rio Tinto Group (LSE:RIO) has taken majority control of Nemaska Lithium, reinforcing its battery metals strategy focused on lithium for energy storage and electric vehicles.
The company has also suspended operations at its SimFer iron ore project in Guinea following a fatal incident at the site.
For you as an investor, these two updates pull Rio Tinto in different directions at the same time. Nemaska Lithium gives the group deeper exposure to lithium, a key material for batteries used in...