Rio Tinto Seeks to Consolidate Best Lithium Brines With Latest Joint Venture -- Market Talk

Dow Jones

May 21, 2025

0211 GMT - Rio Tinto's joint venture with Codelco to develop a lithium project in Chile's Salar de Maricunga is in line with the miner's growth and value-creation strategy, and shouldn't be too much of a surprise to the market, say Goldman Sachs analysts Paul Young and Chris Bulgin. In a note, the analysts say Rio Tinto's management had previously been complimentary of the merits of the Maricunga project. "Rio is taking the view of consolidating the best brines in the lithium triangle, Corporacion Nacional del Cobre de Chile with first mover advantage in a breakthrough DLE [direct lithium extraction] technology," say Young and Bulgin. GS has a buy rating and a A$140.80/share target on Rio Tinto. The stock is up 0.8% at A$120.15. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

May 20, 2025 22:11 ET (02:11 GMT)

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In a note, the analysts say Rio Tinto's management had previously been complimentary of the merits of the Maricunga project. \"Rio is taking the view of consolidating the best brines in the lithium triangle, Corporacion Nacional del Cobre de Chile with first mover advantage in a breakthrough DLE [direct lithium extraction] technology,\" say Young and Bulgin. GS has a buy rating and a A$140.80/share target on Rio Tinto. The stock is up 0.8% at A$120.15. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 20, 2025 22:11 ET (02:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rio Tinto Seeks to Consolidate Best Lithium Brines With Latest Joint Venture -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRio Tinto Seeks to Consolidate Best Lithium Brines With Latest Joint Venture -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-21 10:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0211 GMT - Rio Tinto's joint venture with Codelco to develop a lithium project in Chile's Salar de Maricunga is in line with the miner's growth and value-creation strategy, and shouldn't be too much of a surprise to the market, say Goldman Sachs analysts Paul Young and Chris Bulgin. In a note, the analysts say Rio Tinto's management had previously been complimentary of the merits of the Maricunga project. \"Rio is taking the view of consolidating the best brines in the lithium triangle, Corporacion Nacional del Cobre de Chile with first mover advantage in a breakthrough DLE [direct lithium extraction] technology,\" say Young and Bulgin. GS has a buy rating and a A$140.80/share target on Rio Tinto. The stock is up 0.8% at A$120.15. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 20, 2025 22:11 ET (02:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2237443549.SGD","symbol_name":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2537138675","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537138675","pubTimestamp":1747793460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0211 GMT - Rio Tinto's joint venture with Codelco to develop a lithium project in Chile's Salar de Maricunga is in line with the miner's growth and value-creation strategy, and shouldn't be too much of a surprise to the market, say Goldman Sachs analysts Paul Young and Chris Bulgin. 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In a note, the analysts say Rio Tinto's management had previously been complimentary of the merits of the Maricunga project. \"Rio is taking the view of consolidating the best brines in the lithium triangle, Corporacion Nacional del Cobre de Chile with first mover advantage in a breakthrough DLE [direct lithium extraction] technology,\" say Young and Bulgin. GS has a buy rating and a A$140.80/share target on Rio Tinto. The stock is up 0.8% at A$120.15. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 20, 2025 22:11 ET (02:11 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}