23rd Oct 2019 08:52
(Alliance News) - Anglo-Australian miner Rio Tinto PLC has stumbled upon a potential source of lithium, the Financial Times reported on Tuesday.
The discovery was made while the company was looking for gold in piles of waste rock in the US state of California, the FT said, in a "eureka" moment for Rio Tinto.
Rio Tinto currently produces no lithium, and the discovery could pave the way for an entry into the market, which is expected to grow significantly as electric vehicle usage climbs. Lithium is used in batteries.
https://www.ft.com/content/7ca543b2-f4b7-11e9-a79c-bc9acae3b654
Rio Tinto shares were 0.9% higher in London on Wednesday at 4,065.76 pence each.
By George Collard; [email protected]
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