Lithium analyst are watching with interest as news of a bid by Anglo-Australian mining giant Riot Tinto for a piece of the world’s largest lithium miner, SQM, signals a shift that could put Rio right into the production side of lithium.
Lithium mining and production companies on the ground or looking to increase lithium reserves in South America include SQM (NYSE: SQM), Rio Tinto (NYSE: RIO), FMC (NYSE: FMC), and NRG Metals Inc. (TSXV: NGZ) (OTC: NRGMF).
Rio Tinto is said to be considering an investment in Chile’s Chemical and Mining Society (SQM), the world’s largest lithium producer. This comes after Canadian PotashCorp. released news of the expected sale of its interest in SQM in order to fulfill the terms of an unrelated merger.
The news is good for the lithium business since Rio Tinto represents another …View the full post at: Bid by Rio Tinto for Stake in the World’s Largest Lithium Miner Shows Growing Interest by Majors …