Lithium concentration continues
Last week, Rio Tinto, an Anglo-Australian major in the lithium sector, confirmed the purchase of Arcadium Lithium[1], which owns the main lithium mine in Argentina, one of the countries in the world with the largest possible reserves. Lithium is essential for the production of electronic and IT equipment, making it one of the most strategic resources in today’s economy. The trend towards market concentration is therefore continuing, and looks set to continue, given the investment plans announced by Rio Tinto (remember, Chinalco is also a shareholder). Keep an eye on the market if you want to invest in this sector of the future.
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