-
Posted by
Two Blokes May 21, 2025 -
Filed in
Stock
-
5 views
Rio Tinto and Codelco formed a joint venture to develop a high-grade lithium project in Chile's Salar de Maricunga, strengthening RIO's lithium exposure. The $900 million investment comes as lithium prices are depressed, positioning RIO and Codelco to benefit from a potential commodity price rebound by 2030. Despite the major announcement, RIO shares remained steady, reflecting current lithium market weakness but offering long-term upside through commodity cyclicality.
