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Miners Grab Up Lithium Assets as Demand for Lithium-Ion Batteries Skyrockets

Miners Grab Up Lithium Assets as Demand for Lithium-Ion Batteries Skyrockets

metals_minerals

Industry Segment: Metals & Minerals | Word Count: 572 Words

SUGAR LAND--December 27, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Some of the hottest properties these days are lithium mines. The world is scrambling for the metal, sometimes called "white gold," which is a key component in lithium-ion batteries, and thus one of the lynchpins in the global race for cleaner energy. Last week, Mining giant Rio Tinto (NYSE:RIO) (London, England) said it has entered into a binding agreement to acquire a lithium project in Argentina for $825 million.

Companies featured: Rio Tinto (NYSE:RIO) Lithium Americas Corporation (NYSE:LAC)

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