Rio Tinto’s Strategic Moves: The Key to Profitable Commodity Production

The 2023 production guidance, announced in mid-January alongside Rio Tinto’s fourth-quarter output figures, shows the increased output for iron ore, copper, and alumina/bauxite. And the business is moving rapidly to construct a lithium test plant at the Rincon mine in Argentina, which it purchased last year – a critical step for Rio Tinto’s future. I…
A Potential Supply Shock for Lithium Might Surprise This Year

Supply Issues Used to Hound the Markets Rampant lithium demand has caught many forecasters by surprise, with booming global EV sales causing consumption to double over the past two years. With suppliers unable to keep pace, a blistering price rally sent the total spot value of lithium consumption rocketing to about $35 billion in 2022,…