Rio Tinto Commits Some $11 Billion to Lithium Foray, With More to Come -- Market Talk

Dow Jones

May 26

0113 GMT - Rio Tinto has recently committed more than US$11 billion to building its new lithium business, including the latest joint venture with Chile's Empresa Nacional de Minería, or ENAMI, says Barrenjoey analyst Glyn Lawcock. The Australian investment bank expects the miner could spend more than US$5 billion more to fully develop its pipeline of lithium projects, Lawcock says in a note. Rio Tinto says it will provide roughly US$425 million in cash as well as its direct lithium extraction technology and other non-cash contributions to take the project with ENAMI to a final investment decision. Barrenjoey has an overweight rating and A$126.00 target on Rio Tinto. Shares are down 1.0% at A$115.82. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

May 25, 2025 21:13 ET (01:13 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2538144781"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2538144781\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2538144781?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-26 09:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2538144781","market":"sg","top_or_hot":-1,"title":"Rio Tinto Commits Some $11 Billion to Lithium Foray, With More to Come -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0113 GMT - Rio Tinto has recently committed more than US$11 billion to building its new lithium business, including the latest joint venture with Chile's Empresa Nacional de Minería, or ENAMI, says Barrenjoey analyst Glyn Lawcock. The Australian investment bank expects the miner could spend more than US$5 billion more to fully develop its pipeline of lithium projects, Lawcock says in a note. Rio Tinto says it will provide roughly US$425 million in cash as well as its direct lithium extraction technology and other non-cash contributions to take the project with ENAMI to a final investment decision. Barrenjoey has an overweight rating and A$126.00 target on Rio Tinto. Shares are down 1.0% at A$115.82. (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 25, 2025 21:13 ET (01:13 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 Commits Some $11 Billion to Lithium Foray, With More to Come -- 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 Commits Some $11 Billion to Lithium Foray, With More to Come -- 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\">2025-05-26 09:13</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0113 GMT - Rio Tinto has recently committed more than US$11 billion to building its new lithium business, including the latest joint venture with Chile's Empresa Nacional de Minería, or ENAMI, says Barrenjoey analyst Glyn Lawcock. The Australian investment bank expects the miner could spend more than US$5 billion more to fully develop its pipeline of lithium projects, Lawcock says in a note. Rio Tinto says it will provide roughly US$425 million in cash as well as its direct lithium extraction technology and other non-cash contributions to take the project with ENAMI to a final investment decision. Barrenjoey has an overweight rating and A$126.00 target on Rio Tinto. Shares are down 1.0% at A$115.82. (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 25, 2025 21:13 ET (01:13 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":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2538144781","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2538144781","pubTimestamp":1748221980,"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":"0113 GMT - Rio Tinto has recently committed more than US$11 billion to building its new lithium business, including the latest joint venture with Chile's Empresa Nacional de Minería, or ENAMI, says Barrenjoey analyst Glyn Lawcock. The Australian investment bank expects the miner could spend more than US$5 billion more to fully develop its pipeline of lithium projects, Lawcock says in a note. Rio Tinto says it will provide roughly US$425 million in cash as well as its direct lithium extraction technology and other non-cash contributions to take the project with ENAMI to a final investment decision. Barrenjoey has an overweight rating and A$126.00 target on Rio Tinto. Shares are down 1.0% at A$115.82. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","RIO.AU":"力拓","BK4585":"ETF&股票定投概念","BK4168":"多种金属与采矿","RIO":"力拓","BK7507":"资源股","BK7511":"ESG概念","BK7095":"多种金属与采矿"},"translate_title":"力拓承诺斥资约110亿美元进军锂业，未来还会有更多资金——市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIO":0.9,"RIO.AU":0.9},"content_text":"0113 GMT - Rio Tinto has recently committed more than US$11 billion to building its new lithium business, including the latest joint venture with Chile's Empresa Nacional de Minería, or ENAMI, says Barrenjoey analyst Glyn Lawcock. The Australian investment bank expects the miner could spend more than US$5 billion more to fully develop its pipeline of lithium projects, Lawcock says in a note. Rio Tinto says it will provide roughly US$425 million in cash as well as its direct lithium extraction technology and other non-cash contributions to take the project with ENAMI to a final investment decision. Barrenjoey has an overweight rating and A$126.00 target on Rio Tinto. Shares are down 1.0% at A$115.82. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 25, 2025 21:13 ET (01:13 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"}}}