Ground Breakers: Rio wants to be a ‘step ahead' as it sees 10x lithium demand growth Australia's best business newsletter. Get the edge with AM and PM briefings, plus breaking news alerts in your inbox. Thanks for signing up to The Australian Business newsletter Sign up Rio Tinto (ASX:RIO) CEO Jakob Stausholm says lithium demand could grow as much as 10 times by the end of this decade, but poured cold water on hopes the miner would launch an M&A offensive in the hot space. Speaking to Bloomberg TV on the sidelines of the Climate Week conference in New York City, the CEO of the world's second-biggest miner said a number of new mines would need to be developed to satisfy demand for the emerging commodity, prized, as we all know, for its use in electric vehicle batteries.

https://www.theaustralian.com.au/business/stockhead/ground-breakers-rio-wants-to-be-a-step-ahead-as-it-sees-10x-lithium-demand-growth/news-story/04b405611cf3349ece0ffc56ad1eeda4?nk=455050fb103c50ac1f513c162a411745-1695184320

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