Market Chatter: Rio Tinto Acquires Majority Stake in Canada's Nemaska Lithium

MT Newswires Live

Feb 18

Rio Tinto (RIO) has taken majority control of Canada's Nemaska Lithium by boosting its stake to 54% from 50%, Bloomberg reported Wednesday, citing sources familiar with the matter.

Rio Tinto expects to invest around $300 million in its lithium business in Quebec this year, with more investments in the coming years, according to the report.

The Quebec government's investment arm, Investissement Quebec, is now a minority shareholder and plans to invest $200 million into Nemaska Lithium to help its growth, the sources said.

Rio Tinto and Nemaska Lithium did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\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://www.mtnewswires.com/","article_id":"2612460074","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612460074","pubTimestamp":1771422517,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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