Rio Tinto Gains Majority Control of Nemaska Lithium in Quebec Investment Push

Rio Tinto Group has acquired majority control of Canada's Nemaska Lithium, marking a strategic move to increase investments in Quebec's battery metal projects. Bloomberg posted on X, citing sources familiar with the situation, that this acquisition aligns with Rio Tinto's broader strategy to expand its footprint in the lithium sector, which is crucial for battery production. The move underscores the company's commitment to enhancing its presence in the region and supporting the growing demand for lithium, driven by the global shift towards electric vehicles and renewable energy solutions. This development is part of Rio Tinto's ongoing efforts to capitalize on the increasing need for sustainable energy resources.