LITHIUM STOCKS AND CHARTS

[TradingCharts]

Annie Lee
Reporter at Bloomberg LP
10h •

Mining heavyweights are chasing takeovers of #lithium companies with early stage or pre-production projects.

While the recent price drop in the #battery material (which in fact, is still three times more expensive than in the middle of 2020) had a negative impact on the share valuations of some smaller players, companies are increasingly prepared to offer chunky premiums to grab a slice of the market for what promises to be one of the world’s hottest commodities.

But one mining giant is warning that could come with risks.

Rio Tinto’s CEO Jakob Stausholm said he’s “cautious” about acquisitions at current valuations, despite the world’s second-biggest miner wanting to grow its nascent lithium business.

https://lnkd.in/gfE3Fy2C #ev #mining #mna

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