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Rio Tinto seeking other lithium assets in Canada

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Rio Tinto Group, the world’s biggest iron ore miner, is looking at a number of possible lithium acquisitions and would like to buy an asset to produce the key battery material in Canada, according to chief executive officer Jakob Stausholm.

 

The London-based company was “looking at a number of opportunities” in lithium, Stausholm told media in Melbourne on Tuesday.

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“I wouldn’t mind having lithium production in Canada,” he said, but added lithium was “a pretty hot market” and he was “reluctant to come out with too big of a check.” Rio already produces aluminum, iron ore and diamonds in the nation.

Rio Tinto looking at possible lithium deals, Stausholm says - MINING.COM