Chanticleer
Why Rio Tinto wants to be a new cornerstone for the lithium sector
Rio Tinto CEO Jakob Stausholm argues the miner’s long-term investment approach and sheer size can help stabilise the volatile lithium market.
For a man who has just paid $US6.7 billion ($9.9 billion) for a company in one of the most volatile sectors in global mining that was worth only $US2.4 billion a month ago, Rio Tinto chief executive Jakob Stausholm is remarkably relaxed.
Indeed, he sees his deal to buy Arcadium Lithium as a chance to bring some stability to a commodity that has been a wild roller-coaster ride for the past five years.
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