On March 25, Jakob Stausholm, CEO of Rio Tinto Group, stated that global annual lithium demand may increase to 4-5 million tonnes in the future.
Despite the current low lithium prices, Rio Tinto continues to expand its lithium layout. On March 7, the company officially announced the completion of its $6.7 billion acquisition of Arcadium Lithium plc. Arcadium Lithium will be renamed Rio Tinto Lithium and will integrate Rio Tinto's Rincon lithium project.
Edited by Cassie Li, lixiangying@mysteel.com
