bullish
Rio’s Stausholm makes his defining bet
SUMMARY
- Rio doubles down on lithium investment in Rincon, with a US $2.5 billion expansion plan
- BHP and Rio have historically had differing views on commodities, with examples in Potash, aluminium, and mineral sands
- Rincon project aims to expand production to 60,000 tonnes per annum, with heavy reliance on DLE technology for extraction and processing
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