Reported about 3 hours ago
Rio Tinto's acquisition of Arcadian Lithium for $6.7 billion positions it as a major player in the lithium market, which is crucial for the shift away from fossil fuels. Despite current oversupply leading to lower prices, CRU Group's Frank Nikolic predicts a substantial increase in lithium demand over the next 5-10 years, due to its unique properties suitable for a variety of battery technologies. He emphasizes that lithium remains the optimal choice in the battery sector, with sodium ions yet to be fully commercialized.
Source: YAHOO