off-the-wire

Rio Tinto CEO sees shift in lithium demand from grid storage

Kitco Media
By Reuters
Published:
Updated:
Reuters
Rio Tinto CEO sees shift in lithium demand from grid storage teaser image

Rio Tinto CEO Simon Trott said on Wednesday the miner was seeing a shift in demand for lithium from electrification, with grid storage demand stronger than expected.

“We are seeing shifts really across all of our commodities in terms of underlying demand,” Trott said on a call with investors.

The miner earlier posted its highest half-year underlying earnings in four years, as surging copper profits and higher commodity prices more than offset softer iron ore earnings.

(By Melanie Burton and Renju Jose; Editing by Jacqueline Wong)

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