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RIO Rio Tinto Plc

68.79
0.51 (0.75%)
04 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Rio Tinto Plc NYSE:RIO NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.51 0.75% 68.79 69.12 68.42 68.96 3,193,760 01:00:00

Rio Tinto Drops out of Bidding for Chilean Lithium Producer -Bloomberg

11/01/2018 7:33am

Dow Jones News


Rio Tinto (NYSE:RIO)
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--Rio Tinto has dropped out of the bidding for a stake in Sociedad Quimica y Minera de Chile, one of the world's top lithium producers, as it pursues other ways to capitalize on the electric-car boom, Bloomberg reports, citing unnamed sources.

--Rio decided not to proceed with an offer for Nutrien Ltd.'s 32% stake in Santiago-based SQM--worth about $5 billion at current market prices--after conducting research, according to Bloomberg.

--Rio is studying the development of a Serbian lithium project that could meet 10% of global demand and begin production as soon as 2023, Bloomberg reports.

 

Full story: https://bloom.bg/2DiZFli

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

January 11, 2018 02:18 ET (07:18 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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