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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 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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