Rio Tinto Strikes Another Lithium Deal With Codelco Venture

Rio Tinto Group agreed to invest in a Chilean lithium project controlled by Codelco as the world’s second-biggest miner continues its expansion into the battery metal.

Unlike it major peers, Rio has targeted lithium as a key growth area, buying projects in Argentina and Australia as it looks to reduce its dependence on iron ore, which is easily it’s biggest earner.