Rio Tinto to Build Batteries in Melbourne

The video discusses Rio Tinto's approach to battery manufacturing, focusing on lab-based research in Melbourne to explore mineral applications. Although not currently producing lithium, Rio Tinto is exploring projects in Argentina and Serbia, aiming to enter the lithium market. The video highlights the dominance of small and medium players in the lithium sector and the potential for consolidation. It also addresses the anticipated supply crunch in the lithium market, with significant investment needed to meet future demand.

How does the current lithium market landscape look in terms of players and consolidation?

What are the expected challenges for the lithium market towards the end of the decade?