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🔋 Rio Tinto plans lithium production in Canada!

Rio Tinto $RIO-0.4% is a global mining and metallurgical company with a long history and a broad portfolio of operations. Headquartered in Australia, Rio Tinto has operations around the world and is one of the world's leading producers of iron, aluminum, copper, diamonds, coal and other raw materials. The company is known for its innovative approaches to mining and environmental protection.

RIO

Rio Tinto

RIO
$65.99 -$0.28 -0.42%
1 Day
+0%
5 Days
+0.39%
1 Month
-5.36%
6 Months
+5.89%
YTD
-12.67%
1 Year
-8.17%
5 Years
+18.47%
Max.
+550.45%

CEO Jakob Stausholm told a recent mining congress in Torontothat the company is considering producing lithium v Canada! ⛏️ Lithium is becoming a key player in the battery market and Rio Tinto is looking to seize this opportunity. Stausholm stressed that lithium has the potential to dominate the battery market, leading to turbulent prices.💰

Rio Tinto has already signed agreements with local companies to explore lithium sites in the James Bay area , at a cost of tens of millions of dollars. At the same time, it is investing in low-emission technologies. 🌱🔄

Despite challenges in global politics, the Rio Tinto is focused on the future, preparing to lead a new era in the energy industry. 💡🚀

I would love to include a mining company in my dividend portfolio, and I like Rio Tinto a lot.
What is your favorite company in the mining sector?


It will all make sense when you see it. My interest in it has prompted me to start making something there. https://skateboardsprint.com/

My top pick in terms of weight is definitely RIO and this move is again positive in terms of diversification :)

I like the company a lot too, I will create a smaller position in the dividend portfolio.

Nicely written. 😊 I follow the company and I already have one position. I take them as a top company in the area. Too bad I didn't buy now the drop they had, I was waiting to see if there would be more. If it slaps down one more time, I will definitely repurchase.

Thanks for the comment, I'll start building a position so I'll be shopping around for a few months.

Yeah, you'll see. Like I said, I like it too, so I'm slowly creating something there. 😊

Exactly as you write, I plan to form a position too and buy in regularly.