에 대한 최신 뉴스 Rio Tinto (NYSE:RIO) 주식

Rio Tinto

Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included the Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.

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호주의 다국적 광산업체인 BHP 그룹(NYSE:BHP)가 경쟁사인 앵글로 아메리칸(OTC:NGLOY)에 제출한 약 400억 달러 입찰은 이 회사를 인수하기에 충분하지 않을 수 있다. 왜냐하면 구리 자산에 대한 전 세계적 쟁탈전 속에서 다른 다각화된 광산업체들이 아마도 경쟁 입찰을 할 것이기 때문이다.

구리는 HOT한 상품: BHP의 &#39;인수 제안&#39; 후 앵글로 아메리칸에 대한 입찰 경쟁 예상

Rio Tinto PLC

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Rio Tinto In Talks To Buy Arcadium Lithium; Deal Could Value Arcadium Between $4B-$6B Or Higher

Source: <a href="https://www.streetwisereports.com/article/2024/10/02/strategic-expansion-fuels-u-s-uranium-production-surge-amid-global-supply-shifts.html?utm_medium=feed">Streetwise Reports 10/02/2024</a>
Uranium Energy Corp. (AMEX:UEC) has taken a step in expanding its U.S. uranium production capacity through the acquisition of Rio Tinto Plc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rio#NYSE">RIO</a>) Sweetwater Plant and a portfolio of Wyoming uranium assets.
Announced on September 23, the transaction, valued at US$175 million, adds approximately 175 million pounds of historic uranium resources to UEC&#39;s holdings. This acquisition creates UEC&#39;s third hub-and-spoke production platform in the U.S., further solidifying its role as a leading player in the domestic uranium market.
The Sweetwater Plant has a licensed processing capacity of 4.1 million pounds of uranium per year and is a key strategic asset. This enables UEC to expand its capabilities for both in-situ recovery (ISR) and conventional mining methods. This announcement comes as the U.S. increases its focus on securing domestic uranium supplies in light of geopolitical shifts, like the U.S. ban on Russian uranium imports. The transaction is expected to close in Q4 2024, with UEC utilizing its available liquidity to fund the purchase.
<h2>Looking Into The Uranium Market</h2>
On September 30, The New York Times reported that &quot;uranium mines are ramping up across the West, spurred by rising demand for electricity and federal efforts to cut Russia out of the supply chain for U.S. nuclear fuel.&quot;
This surge in demand has helped drive uranium prices to their highest levels in over 15 years, according .to TradeTech, a consulting firm. These market conditions have led to a revitalization of mining regions that had been in decline since the end of the Cold War.
<blockquote class="callOut left">Chris Temple of The National Investor noted that UEC was &quot;upgraded back to Buy&quot; following recent market news and encouraged increased exposure to the uranium sector.</blockquote>
The industry is expected to continue growing, with U.S. production of uranium, specifically yellowcake, predicted to reach approximately six million pounds by 2028. John W. Cash, CEO of Ur-Energy, highlighted the recovery in the Times article, comparing the industry to &quot;a broken arm that&#39;s been in a cast for a long time.&quot;
Kitco, on September 25, also noted the robust market conditions, stating that &quot;the U3O8 uranium spot price has risen significantly over the last five years.&quot; The article pointed out that uranium and related equities have outperformed other asset classes over the long term, reinforcing the optimistic outlook for the sector.
In line with this positive trajectory, The Financial Times reported on September 20 that the price of enriched uranium has more than tripled since early 2022, signaling the growing demand for nuclear energy. Additionally, uranium hexafluoride prices have increased fourfold, underscoring the bottlenecks in the conversion stage of the nuclear fuel supply chain. Jonathan Hinze, CEO of UxC, explained that this surge in conversion and enrichment prices was &quot;reflecting a much bigger supply squeeze due to the Russia-Ukraine war and other factors.&quot;
<h2>Catalysts</h2>
According to UEC&#39;s September 2024 investor presentation, the acquisition of Rio Tinto&#39;s Wyoming assets marks a highly strategic addition to UEC&#39;s growing U.S. portfolio. The transaction creates operational synergies by integrating Rio Tinto&#39;s Sweetwater Plant with UEC&#39;s existing operations in Wyoming&#39;s Great Divide Basin. This allows UEC to streamline infrastructure and personnel across its newly expanded land position, which now totals over 108,000 acres, further enhancing exploration and production opportunities.
<blockquote class="callOut right">Joe Reagor of Roth MKM, also on September 25, reiterated his Buy rating on UEC and increased the company&#39;s price target from US$9.00 to US$9.50</blockquote>
The Sweetwater Plant&#39;s capability to be adapted for ISR processing, in addition to conventional mining, provides UEC with significant production flexibility at a lower capital cost compared to building new facilities.
This expansion comes as uranium demand continues to grow due to global clean energy initiatives and recent U.S. government actions, including the Department of Energy&#39;s efforts to bolster domestic uranium production.
UEC&#39;s latest acquisition supports its long-term strategy of becoming a leading supplier of uranium in North America, capitalizing on both industry tailwinds and its expanded resource base.
<h2>A Buy-Rated Stock</h2>
On September 25, Chris Temple of The National Investor noted that UEC was &quot;upgraded back to Buy&quot; following recent market news and encouraged increased exposure to the uranium sector. He pointed to UEC&#39;s acquisition of Rio Tinto&#39;s Wyoming uranium assets as a catalyst, emphasizing that uranium is &quot;in the early innings of this new bull market.&quot; Temple also recommended UEC as part of his broader strategy for capitalizing on uranium&#39;s growth potential.
Jeff Clark of The Gold Advisor, in his September 26 update, discussed UEC&#39;s expansion of its U.S. production capacity by acquiring Rio Tinto&#39;s Sweetwater Plant and other Wyoming uranium assets. He called this acquisition a &quot;significant move&quot; noting that it consolidated a large portfolio of uranium assets under UEC&#39;s control, positioning the company for rapid growth. He also highlighted the company&#39;s strategic advantage with &quot;53,000 additional acres for exploration&quot; reinforcing UEC&#39;s potential to ramp up production.
Joe Reagor of Roth MKM, also on September 25, reiterated his Buy rating on UEC and increased the company&#39;s price target from US$9.00 to US$9.50. He referred to the Rio Tinto acquisition as an &quot;ideal bolt-on&quot; for UEC, with the potential to unlock significant shareholder value. Reagor pointed out that UEC&#39;s ability to update these assets to be SK-1300 compliant could significantly increase their worth, supporting his optimistic outlook for the company.
<h2>Ownership and Share Structure </h2>
According to the company&#39;s investor presentation, Uranium Energy has a market cap of US$2.13 billion and 406 million shares outstanding. 
Yahoo! Finance notes that 1.99% of the company is owned by management and insiders.
The largest portion, 77.75%, is held by institutional investors.
The rest is in retail.
Important Disclosures:
<ol>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Uranium Energy Corp.</li>
<li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

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Strategic Expansion Fuels U.S. Uranium Production Surge Amid Global Supply Shifts

Uranium stocks have been surging thanks to the Constellation Energy Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ceg#NASDAQ">CEG</a>) and Microsoft Co.&nbsp;deal for the largest power-purchasing deal in history. The large hyperscalers are committed to sustainable and clean energy solutions to power their data centers. The electricity will be supplied by restarting the Three Mile Island Unit 1 nuclear reactor pending regulatory approval by the United States Nuclear Regulatory Commission (NRC). Uranium is required to power this and other nuclear reactors, which is why uranium stocks in the oils and energy sector have been rising sharply.
Here are two more uranium stocks that are gaining from the movement to fuel nuclear power plants.
<h2>Uranium Royalty Gains Access Without the Risk of Mining and Processing </h2>
While Uranium Royalty Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/uroy#NASDAQ">UROY</a>) doesn&#39;t produce nor intends to produce uranium, it believes itself to be a pure-play uranium company. The word &#39;royalty&#39; in its name doesn&#39;t refer to monarchs or bloodlines but to royalty payments it receives from its portfolio of geographically diversified uranium assets. They basically make money off of partially owning uranium assets by collecting royalty payments without having to bear the capital expenditure (CAPEX) and risk that comes from operating a mining company.
<h3>A Portfolio of Royalty-Bearing Uranium Assets</h3>
Uranium Corp.&#39;s portfolio of 22 uranium assets for which it has minor and royalty interests. The interests range in project stage from exploration like the Rio Tinto Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rio#NYSE">RIO</a>) owned Russell Lake project for which it can receive a 1.9766% of the net smelter return (MSR) to the 2% to 4% gross value return royalty (GVR) of the Energy Fuels Inc. (AMEX:UUUU) owned Whirlwind project to the 10% to 20% net profits interest (NPI) royalty from the Cigar Lake/Waterbury project operated by Cameco Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccj#NYSE">CCJ</a>). The stock can be considered a mini-ETF of tiny stakes in uranium assets. Uranium Royalty also owns 2.8 million pounds of physical uranium. The company is still in the process of generating revenue.
<h2>Denison Mines&#39; Wheeler River Project: A Uranium Powerhouse in the Making</h2>
Denison Mines (AMEX:DNN) is a speculative uranium exploration and development company based in Toronto, Canada. It holds a 95% interest in its flagship Wheeler River Project, located in Saskatchewan&#39;s Athabasca Basin. The project spans roughly 300,000 hectares and includes the Gryphon and Phoenix deposits.
<h3>The Phoenix Deposit</h3>
While the Wheeler River Project isn&#39;t yet producing uranium, the Phoenix deposit is currently undergoing the permitting process for In-Situ Recovery (ISR). The Phoenix deposit has a 10-year mining life with probable resources of $56.7 million tons of U3O8 uranium. Approval is expected in 2025. The all-in-sustaining cost (AISC) is around $16.00 per pound, with $318.10 million in initial costs, making it extremely lucrative at current uranium spot prices above $80 per pound.
<h3>The Gryphon Deposit</h3>
The Gryphon deposit is several years behind Phoenix in development, with a mine life of 6.5 years and 49.7 million pounds of probable uranium resources. Its AISC is $25.47, but initial capital costs are higher, estimated at $564.2 million.
<h3>Denison&#39;s Uranium Inventory and Revenue Generating Interests</h3>
While Denison doesn&#39;t yet produce uranium, it owns 2.2 million pounds of it that it purchased for $29.60 per pound in 2021, worth around $178 million. It also generates revenue from its 22.5% stake in McClean Lake, which has a licensed mill for an annual production capacity of 24 million pounds. Dennison collects revenues from the toll milling. The mill processes ore from the Cigar Lake mine, where Cameco Corp operates.
Denison generated $964,000 in Q2 2024 with an EPS loss of 1 cent, matching consensus estimates. Incidentally, Denison is debt-free and has working capital and investments valued at nearly 70% of its market cap. This prompted BMO to upgrade its rating to Outperform from Market Perform with a $2.22 price target. CIBC started coverage on Denison with a Sector Outperform rating. MarketBeat has seven analyst Buy ratings with an average consensus price target of $2.93 and a high target of $3.25.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/2-uranium-stocks-fueling-growth-from-the-nuclear-power-surge/">2 Uranium Stocks Fueling Growth From the Nuclear Power Surge</a>&quot; first appeared on MarketBeat.

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Shares of copper companies are trading higher following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.

Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) shares, among other metal and mining stocks, are moving higher Tuesday after China Central Bank announced a <a href="https://www.benzinga.com/markets/asia/24/09/41007724/gold-breaks-records-on-chinas-policy-stimulus-mining-metal-stocks-exhibit-strongest-1-day-rally-in-2">new stimulus package.</a>
What Happened: The stimulus package includes cutting the reserve requirement ratio (RRR) by .5 percentage points and lowering both the loan prime rate and deposit rates by 0.2 to 0.25 percentage points.
In addition, the central bank cut the seven-day reverse repurchase rate to 1.5% and lowered the minimum down-payment ratio to 15%. The announcement of these economic measures comes amid a slowdown in China&#8217;s markets and could help support investment and support metals demand. 
Larry Hu, head of China economics at Macquarie Group Limited, told Bloomberg, "The purpose of today's briefing is to inject confidence into the market, judging by the fact that the authorities revealed measures in one go. The stimulus push will still need coordination from other policies — particularly follow-up policies from the fiscal side.&#8221;
Other copper related stocks that are trading higher following the bank&#8217;s announcement include Hudbay Minerals Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBM#NYSE">HBM</a>) and Rio Tinto Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>).
How To Buy Freeport-McMoRan Shares
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>)'s case, it is in the Materials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
Related Link: <a href="https://www.benzinga.com/markets/equities/24/09/41010971/kbr-lands-113m-air-force-deal-to-drive-next-gen-refueling-systems-and-cybersecurity-innovation">KBR Lands $113M Air Force Deal To Drive Next-Gen Refueling Systems And Cybersecurity Innovation</a>
FCX Price Action: At the time of publication, Freeport-McMoRan shares are trading 7.72% higher at $48.63, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Shutterstock

Movers

What's Going On With Freeport-McMoRan Shares Tuesday?

Shares of copper stocks are trading higher after China Central Bank announced a new stimulus package.

Uranium Energy Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UEC#AMEX">UEC</a>) shares are trading higher on Monday. The company disclosed a deal to fully acquire Rio Tinto Plc&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) Wyoming assets <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40975965/uranium-energy-corp-expands-u-s-production-capacity-with-acquisition-of-rio-tintos-sweetwater-plan" rel="noreferrer noopener">for a purchase price of $175 million</a>.
As per the deal, the buyout includes the fully licensed Sweetwater Plant and a portfolio of uranium mining projects with around 175 million pounds of historic resources.
The Sweetwater Plant, with a 3,000-ton-per-day capacity and licensed for 4.1 million pounds annually, can be adapted for both ISR and conventional mining, offering UEC production flexibility.
UEC&#8217;s available liquidity will cover the purchase price. UEC controls 12 uranium projects in Wyoming&#8217;s Great Divide Basin.
The acquisition provides a valuable asset base, saving time and costs compared to building a new facility or gathering geological data.
This transaction provides a rare opportunity to acquire licensed uranium facilities from a global leader, accelerating UEC&#8217;s production in the Great Divide Basin.
The buyout adds 175 million pounds of uranium resources, valued below UEC&#8217;s current trading levels. Half are suited for ISR mining, prioritized for near-term production, while conventional resources offer potential for future growth.
Amir Adnani, President and CEO, said, &#8220;These assets will unlock tremendous value by establishing our third hub-and-spoke production platform and cement UEC as the leading uranium developer in&nbsp;Wyoming&nbsp;and the U.S.&#8221;
&#8220;We&#8217;re witnessing unprecedented global growth in nuclear energy and demand for uranium as demonstrated by the recently proposed Three Mile Island restart in support of Microsoft&#8217;s AI growth.&#8221;
&#8220;The Russian uranium ban and recent comments by Russian government officials regarding restricting future uranium exports to the west underscore the critical importance of maintaining reliable domestic supply chains to power our growing requirements for clean baseload energy.&#8221;
Investors can gain exposure to the stock via&nbsp;Sprott Junior Uranium Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URNJ#NASDAQ">URNJ</a>).
Price Action: UEC shares are up 5.32% at $5.835 at the last check Monday.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com//node/40981254" target="_blank" rel="noreferrer noopener">Chinese Vehicle Tech Faces Biden Administration Ban Over National Security Concerns: China EV Stocks Fall</a></li>
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URNJ

Uranium Energy Strikes $175M Deal To Acquire Rio Tinto's Wyoming Assets

Wyoming&nbsp;assets&nbsp;comprise&nbsp;of the wholly-owned and fully-licensed Sweetwater Plant &nbsp;and a portfolio of uranium mining projects with approximately 175 million pounds of historic resources.
Completion of the Transaction is subject to customary conditions for a transaction of this nature, with closing expected to occur in the&nbsp;fourth quarter&nbsp;of the calendar year 2024.&nbsp;

Uranium Energy Enters Agreement To Acquire 100% Of Rio Tinto's Wyoming Assets; Purchase Price Payable At Closing Is $175M

Rio Tinto (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rio#NYSE">RIO</a>) announced that it would invest in Pongamia seed farms in Australia to explore the possibility of using its seed oil as a feedstock for renewable diesel. RIO sees biofuels as an avenue to reduce the dependence on fossil diesel, which accounts for around 10% of its emissions footprint in Australia.
To achieve net-zero Scope 1 and 2 carbon emissions by 2050, Rio Tinto has chosen electrification as the long-term solution for replacing the use of diesel in its fleet. While electrification is in progress, the company is looking at other quicker options to lower diesel-sourced emissions, such as biofuels.
Australia does not yet have a biofuel feedstock industry capable of meeting domestic demand. Rio Tinto expects that the pilot will play an important role in addressing this gap while supporting its journey to achieve decarbonization goals.
<h2>Rio Tinto Joins Forces With Midway for Pongamia Farm Trial</h2>
Pongamia is a fast-growing tree that is native to northern Australia. It produces large numbers of seeds, which are rich in oil and protein. The seeds can be processed into renewable diesel, which offers a significant reduction in carbon emissions compared with fossil fuel diesel.
After the extraction of oil, the seed pod and meal can be processed for other uses such as cattle feed. Pongamia has other benefits, it is drought tolerant, salinity and flood resistant, with low water, fertilization and pest control requirements making it easy to grow.
Rio Tinto is in the final stages of acquiring approximately 3,000 hectares of cleared land near Townsville in north Queensland to establish farms to study growth conditions and measure seed oil yields.
RIO has partnered with Midway Limited to oversee the planting and management of the seed farms. The companies will plant approximately 750,000 Pongamia saplings.
<h2>Rio Tinto&#39;s Decarbonization Efforts</h2>
In 2023, Rio Tinto&#39;s Scope 1 and 2 emissions were 32.6Mt CO2e, which marked a reduction of 5.5% from its 2018 baseline. It plans to invest capital in the range of $5- $6 billion by 2030 to deliver on its decarbonization strategy.
In July, RIO announced that it is set to install carbon-free aluminum smelting cells at its Arvida smelter in Qu&eacute;bec, Canada, utilizing the first technology license issued by the ELYSIS joint venture. The groundbreaking ELYSIS technology aims to eliminate all direct greenhouse gases from the conventional aluminum smelting process by producing oxygen as a byproduct while improving efficiency by producing more aluminum at lower costs.
In May 2024, Rio Tinto and BHP Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bhp#NYSE">BHP</a>) teamed up to trial large battery-powered haul trucks manufactured by Caterpillar (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cat#NYSE">CAT</a>) and Komatsu (OTC: <a class="ticker" href="https://www.benzinga.com/stock/kmtuy#OTC">KMTUY</a>) in the Pilbara region of Western Australia. The trials will kick off with two Cat 793 haul trucks in 2024, followed by two Komatsu 930 haul trucks in 2026.
BHP will trial the Caterpillar trucks while Rio Tinto will test the Komatsu trucks. This collaboration between two leading global miners with two of the world&#39;s largest haul truck manufacturers seeks to address the critical challenge of achieving zero-emissions haulage in the mining sector.
Even though electrification is the most efficient and cost-effective solution to reduce the use of fossil diesel in mining fleet and equipment, Rio Tinto does not expect mass deployment of battery electric haul trucks at its operations to be technically or commercially feasible before 2030.
In the meantime, Rio Tinto intends to explore other avenues like biofuels to reduce diesel-sourced emissions. In June 2023, its Boron operation in California fully transitioned its heavy machinery from fossil diesel to renewable diesel. It is the first open pit mine in the world to achieve this feat.&nbsp; The company expects to replicate this at its Kennecott copper operation in Utah this year. It is also investigating the usage of biofuels in scenarios where electrification may be challenging to implement.
<h2>RIO&#39;s Price Performance &amp; Zacks Rank</h2>
In a year, shares of Rio Tinto have gained 2.2% against the industry&#39;s 2.8% decline.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b0/78685.jpg?v=1692237515" />
Image Source: Zacks Investment Research
Rio Tinto currently has a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2339414/rio-to-test-biofuel-crop-for-renewable-diesel-production-in-australia?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2339414">To read this article on Zacks.com click here.</a>

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RIO to Test Biofuel Crop for Renewable Diesel Production in Australia

Investors with a lot of money to spend have taken a bullish stance on Rio Tinto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RIO, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 14 options trades for Rio Tinto.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $26,620, and 13, calls, for a total amount of $952,701.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $75.0 for Rio Tinto over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Rio Tinto's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Rio Tinto's significant trades, within a strike price range of $60.0 to $75.0, over the past month.
<h3>Rio Tinto 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726776162_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$3.5</td>
<td>$3.4</td>
<td>$3.4</td>
<td>$62.50</td>
<td>$166.6K</td>
<td>1.8K</td>
<td>1.2K</td>
</tr>
<tr>
<td>RIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$3.5</td>
<td>$3.4</td>
<td>$3.4</td>
<td>$62.50</td>
<td>$166.6K</td>
<td>1.8K</td>
<td>730</td>
</tr>
<tr>
<td>RIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$5.6</td>
<td>$5.5</td>
<td>$5.6</td>
<td>$60.00</td>
<td>$127.7K</td>
<td>1.1K</td>
<td>234</td>
</tr>
<tr>
<td>RIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$6.0</td>
<td>$5.5</td>
<td>$6.0</td>
<td>$67.50</td>
<td>$109.8K</td>
<td>514</td>
<td>183</td>
</tr>
<tr>
<td>RIO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.5</td>
<td>$3.2</td>
<td>$4.5</td>
<td>$62.50</td>
<td>$90.0K</td>
<td>339</td>
<td>202</td>
</tr>
</tbody>
</table>

<h3>About Rio Tinto</h3>
Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included the Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.
After a thorough review of the options trading surrounding Rio Tinto, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Rio Tinto Standing Right Now?</h3>
<ul>
<li>With a volume of 4,121,363, the price of RIO is up 3.45% at $65.08. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 153 days.</li>
</ul>
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Options

Market Whales and Their Recent Bets on RIO Options

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Shares of companies in the broader industrial space are trading higher following the Fed's announcement to cut rates by 50 basis points yesterday, which could support investment and economic growth.

Shares of copper stocks are trading higher amid a rise in the metal's price after the Fed cut rates by 50 basis points at the FOMC yesterday.

Global

Rio Tinto Launches Biofuel Crop Farming Trial For Renewable Diesel Production In Australia

Despite the global copper market&#8217;s looming long-term supply deficit, talk of substitution as a savior is more smoke than fire, according to JPMorgan <a href="https://www.benzinga.com/topic/copper">analyst Patrick Jones</a>. 
While concerns about copper being swapped out for cheaper materials have been frequent, Jones notes, &#8220;Substitution &amp; thrifting could accelerate over the medium term, especially in newer technologies such as xEVs and renewables, we do not believe it will be sufficient to fill the long-term market deficit.&#8221;
<h2 class="wp-block-heading">Why It Matters: No Escape From Deficits</h2>
The energy transition has put copper in the spotlight, with demand surging due to its vital role in electric vehicles (EVs) and renewable energy infrastructure.
As Jones highlights, &#8220;xEVs typically contain 2-4x as much copper as Internal Combustion Engine vehicles,&#8221; which positions copper as a vital component for future technologies. Even though improvements in battery technology could reduce copper intensity in EVs, growing vehicle size and battery density are likely to offset these gains.
<h2 class="wp-block-heading">The China Conundrum</h2>
China, responsible for over half of global copper demand, poses a unique challenge when it comes to substitution. &#8220;In power generation, we do not expect significant further aluminum adoption in thermal power generation or offshore wind, given technological constraints and significant substitution has already occurred in onshore wind,&#8221; Jones says.
Although <a href="https://www.benzinga.com/topic/solar-energy">solar power</a> could see increased <a href="https://www.benzinga.com/topic/aluminum">aluminum</a> use, safety concerns and regulatory hurdles remain significant barriers to its broader adoption in other areas.
Jones also emphasizes the importance of copper recycling: &#8220;Now that historic copper networks are being replaced, this ‘urban mining' could release material copper scrap supply by 2030.&#8221;
<h2 class="wp-block-heading">Mining Plays To Watch</h2>
JPMorgan remains positive on long-term copper prices and equity exposure. In North America, Jones favors Teck Resources Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TECK#NYSE">TECK</a>), while in Europe, he highlights Lundin Mining Corp (OTCPK:LUNMF) for its &#8220;re-rating potential and de-risked growth pipeline.&#8221; 
In APAC, Sandfire Resources America Inc (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/SRAFF#OTCQB">SRAFF</a>), Zijin Mining Group Co Ltd (OTCPK:ZIJMF), and CMOC Group Ltd (OTCPK:CMCLF) are top picks, with Rio Tinto PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) and Anglo American PLC (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTCQX">AAUKF</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/NGLOY#OTCQX">NGLOY</a>) being key diversified miners deriving over 20% of their EBITDA from copper by 2025.
Jones remains cautious, however, on miners with &#8220;more expensive valuations and more idiosyncratic risks,&#8221; including Antofagasta PLC (OTCPK:ANFGF), Southern Copper Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>), and Jiangxi Copper Co Ltd (OTCPK:JIAXF).
Read Also: <a href="https://www.benzinga.com/news/24/09/40684007/teck-resources-unveils-post-coal-business-structure-promotes-new-executives">Teck Resources Unveils Post-Coal Business Structure, Promotes New Executives</a>
<h2 class="wp-block-heading">Electrification Boom: Another Copper Catalyst</h2>
Beyond mining, Jones points out that greater electrification is a strong driver for cable and charging infrastructure names like Prysmian SpA (OTCPK:PRYMF) (OTCPK:PRYMY), ChargePoint Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>), Xuji Electric, and Sieyuan Electric. 
In addition, he sees a potential upside for telecoms like BT Group PLC (OTCPK:BTGOF), which stands to benefit from recycling legacy copper telecoms wiring, with the company expecting to recycle about 200kt of copper from its network.
&#8220;We forecast the global copper market will face a ~4 mmt deficit by 2030E given accelerating demand growth and limited supply additions,&#8221; Jones concludes, also stating that while &#8220;substitution could diminish demand and delay larger deficits, it is unlikely to close the long-term supply gap.&#8221; 
Investors should brace for higher copper prices as the supply-demand gap widens, with mining and electrification plays looking poised to benefit.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40348381/small-caps-set-for-a-comeback-heres-why-they-deserve-your-attention">Small Caps Set For A Comeback? Here&#8217;s Why They Deserve Your Attention</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

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CHPT

CMCLF

JIAXF

PRYMF

PRYMY

SANDFIRE RES AMER INC by Sandfire Resources America Inc.

SRAFF

ZIJMF

Copper Deficit To Reach 4 Million Tons By 2030, Analyst Predicts: Mining, Electrification Plays Set To Benefit

Native American Group Petitions US Supreme Court To Block Land Transfer For Rio Tinto's Resolution Copper Project In Arizona

Shares of US-listed copper companies are trading lower amid reports suggesting that Goldman Sachs cut the commodity's forecast due to softer Chinese demand.

Source: <a href="https://www.streetwisereports.com/article/2024/08/26/mineral-exploration-co-gains-more-research-coverage.html?utm_medium=feed">HoldCo Markets 08/26/2024</a>
Highlights of this story include the explorer&#39;s clear path to owning an existing resource, the deposit&#39;s characteristics and the project&#39;s exploration upside, noted a HoldCo Markets report.
Tisdale Clean Energy Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tceff#OTC">TCEFF</a>) garnered the attention of HoldCo Markets, which initiated coverage on it with a CA$0.13 per share price objective, reported HoldCo Markets in an Aug. 22 research note.
&quot;Our positive thesis is underpinned by the earn-in potential for as much as a 75% interest in the South Falcon East property&quot; HoldCo wrote.
Tisdale is working toward an earn-in of this uranium-thorium project in the periphery of Saskatchewan&#39;s Athabasca Basin, pursuant to its 2022 agreement with the project owner Skyharbour Resources Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/syhbf#OTC">SYHBF</a>) Tisdale may earn 51% by 2026 for about CA$11 million (CA$11M), of which it is to spend CA$5.5M on exploration at South Falcon East, and 75% by 2028.
<h2>117% Uplift Possible </h2>
Tisdale is currently trading at about CA$0.06 per share, noted HoldCo, whose price objective on the uranium explorer indicates a potential return for investors of 117%. Higher uranium prices would benefit the stock further.
&quot;From our conservative base US$4.50 per pound in situ valuation for the current Fraser Lakes B deposit, every about US$0.50 per pound increase to the valuation metric translates to a net asset value uplift of about 15%&quot; the investment firm wrote.
<h2>Resource Sets Company Apart</h2>
HoldCo presented the factors making Tisdale an attractive investment opportunity.
One is that South Falcon East has an existing resource, thereby differentiating Tisdale from its peers, HoldCo highlighted. The resource, encompassing only the Fraser Lakes B deposit at the property, has an NI 43-101-compliant Inferred resource of 6,900,000 pounds (6.9 Mlb) of 0.03% U3O8 and 5.34 Mlb of 0.023% thorium dioxide (ThO2).
The resource does not include results of drilling by both Skyharbour and Tisdale, noted HoldCo.
<h2>Characteristics of Deposit</h2>
The grade of the Inferred resource, 0.03% U3O8, HoldCo wrote, is lower than the roughly 2% U3O8 average grade of any deposit in the Athabasca Basin but &quot;should not be discounted.&quot; Similar or lower grades are found at various uranium projects in the U.S., restarted in the past year using in situ recovery, and at some of the world&#39;s largest open-pit uranium mines, like Rossing and recently restarted Langer-Heinrich, both in Namibia. The global average uranium grade is lower at about 0.018% U3O8.
&quot;Though the South Falcon East deposit happens to be on the periphery of the Athabasca Basin, the low-grade nature of the deposit doesn&#39;t negate the future potential to mine it economically&quot; HoldCo Markets wrote.
South Falcon East&#39;s close proximity to infrastructure may also improve the project&#39;s economics, added the investment firm. In the area are Skyharbour&#39;s Moore Lake project, Cameco Corp.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccj#NYSE">CCJ</a>) McArthur River mine and Key Lake mill, and Orano SA and Rio Tinto Plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rio#NYSE">RIO</a>) projects.
Also notable about the South Falcon East project, HoldCo pointed out, is its relatively shallow depth and its Rossing-style uranium mineralization, associated with intrusive rocks such as granitic pegmatites and alaskite and atypical for the Athabasca. Projects with this mineralization include Rossing, Langer Heinrich and Norasa.
&quot;The trade-off between lower grade and shallower depth can also lead to a profitable mining operation&quot; wrote HoldCo.
<h2>Potential to Expand Resource</h2>
South Falcon East boasts exploration upside, HoldCo purported. The resource remains open in almost every direction, and Tisdale&#39;s 2024 phase one drilling showed potential to expand it and increase the average grade.
&quot;At the current microcap valuation [CA$2.4M], the risk remains on the upside for future drilling success along with earn-in completion&quot; the investment firm wrote.
<h2>What to Watch For</h2>
HoldCo listed the potential and likely catalysts for Tisdale. One is possible amendments to its earn-in agreement with Skyharbour, regarding timing and/or payment amounts.
Two others, contingent on financing noted the investment firm, are Tisdale starting phase two drilling at South Falcon East and making required milestone earn-in payments to Skyharbour.
Another possible stock mover is drill success at any of the nearby projects, including Skyharbour&#39;s optioned North Shore Uranium and Russell Lake projects.
<h2>Leadership, Ownership, Share Structure</h2>
HoldCo presented brief bios of the key members of Tisdale&#39;s management. Alex Klenman, chief executive officer (CEO) and director, has worked 30 years in business development in the private and public sectors and has experience in the junior mining and uranium spaces specifically, having been the CEO and director of Azincourt Energy Corp. and a consultant to Forum Uranium.
Also of note, member of Tisdale&#39;s advisory board include Jordan Trimble, Skyharbour&#39;s president and CEO, and Trevor Perkins, a skilled and experienced geologist, previously with Rio Tinto and Cameco.
Management and insiders own about 15% of Tisdale. Venture capital firm Planet Ventures Inc. holds about 9.3%.
Tisdale has 37.19 million shares outstanding.
Important Disclosures:
<ol>
<li>Tisdale Clean Energy Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. In addition, Tisdale Clean Energy Corp. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.</li>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Tisdale Clean Energy Corp.</li>
<li>Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor/employee.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
<li>Disclosures for HoldCo Markets, Tisdale Clean Energy Corp., Aug. 22, 2024</li>
</ol>
The following Terms and Conditions govern the use by readers, clients, subscribers and any other use of HoldCo Markets Advisory Inc.&#39;s (&quot;HoldCo Markets&quot; or &quot;the firm&quot;) products and associated content which is made internally and selectively distributed/accessible via holdcomarkets.com, email and/or via select social media. Any written content contained herein should be viewed strictly as analysis, observation &amp; opinion and not in any way as investment advice. HoldCo Markets is neither a qualified financial advisor, broker or legal advisor. All information, data and reports should be strictly seen as for informational purposes only and should not be considered in any way as investment advice or a solicitation for any security. HoldCo Markets does not make any recommendations, the firm only offers opinions.
All content encompassing reports, writings and opinions are based on what the firm deems as reliable sources such as current news/corporate events, management interviews, SEC/SEDAR or any other regulatory filing and any other source deemedcredible by the firm&#39;s publishing analysts given their significant industry experience. HoldCo Markets has not been provided with any material non-public information from any company mentioned in the report.
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Financing

Management

SYHBF

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Mineral Exploration Co. Gains More Research Coverage

Source: <a href="https://www.streetwisereports.com/article/2024/08/21/test-results-prove-new-way-to-pretreat-lithium-brine-works.html?utm_medium=feed">Streetwise Reports 08/22/2024</a>
The technology was confirmed to be effective, sustainable and environmentally friendly. Read one analyst&#39;s thoughts about the news and investing in the company behind it.
Laboratory-scale testing of Lithos Group Ltd.&#39;s (OTC: <a class="ticker" href="https://www.benzinga.com/stock/litsf#OTC">LITSF</a>) proprietary AcQUA&trade; pretreatment technology on brines from Chile&#39;s Salar de Atacama resulted in robust recovery of lithium and removal of impurities, as noted in a news release.
&quot;This news is a really big deal because it means that the technology that the company has been developing to make possible the efficient production of lithium without the need for traditional evaporation ponds actually works and can be implemented&quot; Technical Analyst Clive Maund wrote on Streetwise Reports.
He added that this positive news &quot;could cause the stock to break dramatically to the upside.&quot;
The testing results confirmed that AcQUA&trade; removes magnesium, boric acid, calcium, and sulfates from lithium brines to the degree needed to produce high-purity lithium, which is required for battery manufacturing.
Results showed that AcQUA&trade; removes the impurities and increases lithium concentration only through its hybrid electropressure membrane process, not by using chemicals, reagents, fresh water, and/or traditionally used evaporation ponds.
Because of this, AcQUA&trade; minimizes environmental impact and water consumption in lithium mining, in alignment with the industry&#39;s move toward sustainability in operations.
Lithos conducted the testing with Sociedad Qu&iacute;mica y Minera (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sqm#NYSE">SQM</a>), a global lithium producer in Chile committed to sustainability. The work was done at Lithos&#39; Bessemer, Ala., complex.
&quot;These achievements not only differentiate us within the industry but also enhance our competitive position, demonstrating our potential to meet the increasing demand for high-purity lithium crucial for renewable energy technologies&quot; Lithos Chief Executive Officer (CEO) Scott Taylor said in the release.
<h2>Supporting Lithium Demand</h2>
With the facility Headquartered in Bessemer, AL, Lithos Group is a mining technology company focused on the selective extraction of aqueous minerals.
With respect to lithium, Lithos&#39; AcQUA&trade; pretreats, selectively purifies, and concentrates lithium-enriched brines before lithium chloride is extracted. The patent-pending technology seamlessly integrates with any produced water management strategy.
As the testing with SQM demonstrated, AcQUA&trade; does not require chemicals, reagents, freshwater, or evaporation ponds, so none are used. According to Lithos Group, up to 98% of the input brine water gets recycled when AcQUA&trade; is employed for the conditioning and pretreatment process.
Because this first phase affects the entire lithium value chain through direct lithium extraction (DLE) into polishing and purification of battery-grade lithium feedstock, the technology used must be efficient. AcQUA&trade;, the company described in its 2024 Corporate Presentation, is not only efficient but also customer-validated and field-proven on an industrial scale.
<blockquote class="callOut left">Technical Analyst Maund has an Immediate Strong Buy rating on Lithos Group.</blockquote>
&quot;Upstream pretreatment efficiency represents the key bottleneck to the commercial viability of any DLE technology used downstream&quot; according to Lithos Group&#39;s website. &quot;If a raw brine can&#39;t be economically and selectively purified, then any downstream DLE or conversion work is meaningless.&quot; According to Benchmark, DLE encompasses various technologies that enable selective lithium extraction from brines.
AcQUA&trade; sets the stage for optimal lithium extraction. As noted in the company&#39;s online presentation, the technology reduces production time from years to weeks, materially increases production volumes with 96%-plus efficiency, leads to higher yields, and reduces operating expenses.
Currently, Lithos Group has strategic partnerships with various mineral resource owners, including owners of brines in Chile and Argentina&#39;s largest salars and the U.S.&#39; Marcellus and Smackover reservoirs. The mining tech firm has a strong, growing, executable sales pipeline along with its existing customers.
The company is in the midst of several paid projects for clients, including testing and demo manufacturing, taking place at its 50,000-square-foot Alabama processing facility, permitted for the production of pilot-scale lithium hydroxide. (It also has a 4,000-square-foot laboratory in Denver, Colo., too.)
Lithos Group is targeting Q4/24 for its first deployment in the field and initial recurrent sticky revenue. The first scale-up would follow, likely in Q1/25.
<h2>AcQUA&trade; Demand Growth: The Catalysts </h2>
The company said four key factors will contribute to the demand for Lithos Group&#39;s AcQUA&trade;. A major one is increasing governmental pressure to replace evaporation ponds with a cleaner, more sustainable alternative. In Chile, evaporation ponds are being phased out, and in the U.S., their use is banned.
A new opportunity in the States is another expected contributor. With AcQUA&trade;, lithium-rich areas previously not mineable because evaporation ponds could not be permitted can now be accessed and the resource extracted. Currently, the U.S. accounts for less than 1% of lithium production, according to a March 2024 article.
The third catalyst is the rising demand for lithium around the world.
After the above release, Scott Taylor told Streetwise Reports, &quot;We [Lithos] have three tier-one lithium producers that we have delivered successful processing fluid processing tests. Each of the three customers, including SQM, has requested commercial proposals for paid field work, which are all currently under consideration. We are working to sign and announce the final terms of these purchase orders in the next few weeks.&quot;
Two of these companies&#39; names are not currently public. The first one is SQM, which announced positive test results on its brines in the above press release.
According to Stockwatch, SQM and Albemarle have similar market caps of &gt;US$10 billion. It is one of the largest lithium stocks, per an article in USA Today. Others include Albemarle Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alb#NYSE">ALB</a>), Rio Tinto Plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rio#NYSE">RIO</a>), and Arcadium Lithium Plc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/altm#NYSE">ALTM</a>).
<h2>Investment Opps Throughout Supply Chain</h2>
Global demand for lithium, a critical metal, is expected to continue the steady climb it commenced in 2020 to at least 2035, Statista data show, reaching 3,829,000 metric tons of lithium carbonate equivalent from 917,000 metric tons in 2023.
This increasing demand will keep spurring growth in the global lithium market, projected to hit US$6.4 billion (US$6.4B) in value by 2028 from US$2.5B in 2023, according to Markets and Markets. This change reflects a 20.4% compound annual growth rate.
Electric vehicles (EVs) and battery storage primarily will fuel future growth of the lithium market, Marin Katusa of Katusa Research wrote recently. He pointed out that all major electric vehicle batteries require lithium, about 1.55 pounds per kilowatt hour of battery capacity, on average. He also noted that global battery cell manufacturing capacity is expected to hit 7.2 terawatt hours in 2030, which is more than triple its capacity in 2023.
&quot;I think the data speaks for itself that there&#39;s more growth and opportunity on the horizon&quot; Katusa wrote.
Another major catalyst, noted Katusa, &quot;for the U.S.-friendly lithium sector&quot; is the country&#39;s policy regarding foreign entities of concern (FEOCs), entities owned or controlled by, or subject to the jurisdiction of, certain countries, today China, North Korea, Russia and Iran. This mandates that EVs no longer qualify for the EV tax credit if any of the vehicle&#39;s battery components came from an FEOC (as of 2024) or if any of the applicable critical minerals came from an FOEC (starting in 2025).
Despite increasing demand and all stages of new lithium projects coming online, the global lithium market is headed toward a supply deficit, which could happen as soon as 2025, Jacob White with Sprott Asset Management told Stockhead on August 9. Meanwhile, lithium prices may have hit their bottom. This is good news for investors, noted White, not just in lithium miners but also in companies throughout the supply chain.
<h2>Stock Rated Immediate Strong Buy</h2>
In the previously mentioned article, Technical Analyst Maund has an Immediate Strong Buy rating on Lithos Group. He explained that the mining tech company&#39;s stock price has been dropping lower and lower, but its accumulation line has been ascending higher and higher, &quot;creating a positive divergence that promises a reversal into a major bull market.&quot; He likened the phenomenon with the stock to someone pushing a large beach ball underwater. Eventually, it breaks free and pops up to the surface.
As such, Maund expects a powerful snapback rally for Lithos Group&#39;s stock in the near future, potentially taking the price initially and quickly to the CA$0.45&ndash;0.50 per share range. From where LITS is trading at the time of this article, this implies a 125&ndash;150% gain.
Therefore, Maund suggested that investors stay long in Lithos and possibly bolster their holdings.
<h2>Ownership and Share Structure</h2>
The company said that about 60% of Lithos is held by insiders and management. According to Reuters, this includes CEO Scott Taylor, who has 14.19%, Independent Director Michael Westlake, who has 0.71%, and Independent Director Kevin McKenna, who has 0.05%.
About 27% of the company is held by strategic entities. The rest is retail.
Lithos has a market cap of CA$20.7 million and about 84.62 million shares outstanding. Its 52-week range is CA$0.98 to CA$0.20.
Important Disclosures:
<ol>
<li>Lithos Group Ltd. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.</li>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Lithos Group Ltd.</li>
<li>Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

Latin America

LITSF

Test Results Prove New Way to Pretreat Lithium Brine Works

The Canadian government has stepped in after a labor contract dispute brought the country's railway network to a halt. The stoppage, which began on Thursday, involved Canada&#8217;s major railways &#8211; Canadian National Railway and Canadian Pacific Kansas City &#8211; and threatened to cause significant economic damage, particularly for industries dependent on rail transport like <a href="https://www.benzinga.com/topic/mining">agriculture and mining.</a>
However, Labor Minister Steven MacKinnon ordered the rail companies and the Teamsters Canada Rail Conference into binding arbitration, citing the urgent need to restore Canada's vital supply chains.
"This situation required immediate action. We cannot allow a prolonged strike to disrupt our economy and jeopardize the livelihoods of Canadians," MacKinnon <a href="https://x.com/stevenmackinnon/status/1826735203991298327/photo/1">stated</a> on X.
Per MacKinnon's request, the Canada Industrial Relations Board would order the railways to resume operation under the terms of the old collective agreement until the new deal is in place.
Prime Minister Justin Trudeau also addressed the situation, backing the government's intervention.
&#8220;Collective bargaining is always the best way forward,&#8221; Trudeau <a href="https://x.com/JustinTrudeau/status/1826748944208331142">posted</a> on X. &#8220;When that is no longer a foreseeable option—when we are facing serious consequences to our supply chains and the workers who depend on it—governments must act.&#8221;
Also Read: <a href="https://www.benzinga.com/news/global/24/08/40497103/strikes-at-us-ports-canadas-railways-may-cause-container-freight-rate-volatility">Strikes At US Ports, Canada&#8217;s Railways May Cause Container Freight Rate Volatility</a>
Canada's vast commodity wealth is spread across its second-largest global territory. Thus, railways are the backbone of its transportation infrastructure, moving more than $700 million of goods daily. Given the country&#8217;s integration into the United States&#8217; economic infrastructure, the halt in operation threatened a ripple effect across the North American supply chain.
Mining companies, in particular, rely heavily on rail transport for their operations. The industry accounts for more than half of Canada's rail-freight volume, with over 160 million tons of minerals and raw materials transported annually – more than half of the rail-freight volume.
"As the largest industrial customer group of Canada's railways, the mining sector cannot afford disruptions that erode our global competitiveness," <a href="https://www.newswire.ca/news-releases/first-ever-simultaneous-halt-of-rail-service-from-both-class-1-railways-catastrophic-for-canada-835642703.html">said</a> Pierre Gratton, president and CEO of The Mining Association of Canada.
Mining companies took preemptive measures to mitigate the potential impact of the strike. Vancouver-based Teck Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TECK#NYSE">TECK</a>) sought alternative transportation methods, including tracking, to maintain operations during the potential disruption. Meanwhile, global mining giant Rio Tinto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) <a href="https://www.bloomberg.com/news/articles/2024-08-22/miners-tap-trucks-divert-shipments-to-sidestep-canada-rail-woes">told</a> Bloomberg it will increase the use of its private railway between Quebec, Newfoundland, and Labrador to minimize the strike's effects.
The government's swift intervention drove reactions from the academia as well.
Mark Thompson, a former labor arbitrator and professor emeritus of organizational behavior and human resources at the University of British Columbia, commented on the matter <a href="https://www.cbc.ca/news/politics/what-can-government-do-rail-labour-dispute-shutdown-1.7302215">for</a> CBC.
&#8220;No government of whatever persuasion is going to stand by and let a national [work stoppage] by both railroads go on for very long. The impact on the economy is simply too great,&#8221; he said.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40505731/whitehaven-sells-1-08b-stake-in-major-australian-coal-mine-to-japanese-steelmakers">Whitehaven Sells $1.08B Stake In Major Australian Coal Mine To Japanese Steelmakers</a></li>
</ul>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get started!
Photo: Shutterstock

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Canadian Government Intervenes To Avoid Economic Crisis, Orders Railways Back To Work

Source: <a href="https://www.streetwisereports.com/article/2024/08/21/big-snapback-rally-expected-soon-after-prolonged-accumulation.html?utm_medium=feed">Clive Maund 08/21/2024</a>
Technical Analyst Clive Maund explains why he believes Lithos Group Ltd. is an Immediate Strong Buy.
We have highlighted the anomalous behavior of Lithos Group Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/litsf#OTC">LITSF</a>) stock on several occasions this year, with the stock continuing to drift lower and lower, yet all the while, its Accumulation line has continued to forge ahead, creating a positive divergence that promises a reversal into a major bull market.
A reversal in the stock was called early in July but to no avail &mdash; it just continued to fall, but the rate of decline has slowed markedly, as we can see on its latest 6-month chart below, so that downside momentum (MACD) has been dropping out with the preponderance of upside volume &mdash; especially in recent weeks with more aggressive buying evident &mdash; driving the Accumulation line relentlessly higher.
The technical situation can thus be compared to someone pushing a large beach ball completely underwater, and we know how that ends &mdash; with the ball suddenly breaking free and bursting to the surface.
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202482163853_1.jpg" style="height:857px; width:688px" />
It is thus interesting to see the positive news released by the company yesterday. This news was that Lithos announced positive results from AcQUA&trade; technology lithium brine tests with SQM on Salar de Atacama Brines.
This news is a really big deal because it means that the technology that the company has been developing to make possible the efficient production of lithium without the need for traditional evaporation ponds actually works and can be implemented. Here are some of the most important paragraphs from the news release. . .
Key achievements:
<ul>
<li>Exceptional purity: The AcQua technology has achieved interesting rejection rates of magnesium, boric acid (HBO3), calcium (CaCl), and sulphates (SO4), requirements that are essential for producing high-purity lithium, crucial for battery manufacturing.</li>
<li>Innovative technology: Unlike traditional methods, AcQua uses a patent-pending, hybrid electropressure membrane process that increases lithium concentration without the use of fresh water and harmful chemicals, marking a significant step forward in sustainable mining technologies.</li>
<li>Environmental benefits: By eliminating the need for evaporation ponds, the AcQua technology substantially reduces the footprint of lithium mining. This aligns with global environmental standards and supports the industry&#39;s shift toward sustainable practices.</li>
</ul>
After this release, Scott Taylor told Streetwise Reports, &quot;We [Lithos] have three tier-one lithium producers that we have delivered successful processing fluid processing tests. Each of the three customers, including SQM, has requested commercial proposals for paid field work, which are all currently under consideration. We are working to sign and announce the final terms of these purchase orders in the next few weeks.&quot;
The names of two of these companies are not currently public. The first one is SQM, which the company announced positive test results on the company&#39;s brines in the above press release.
According to Stockwatch, SQM and Albemarle have similar market caps of &gt;US$10 billion It is one of the largest lithium stocks, per an article on USA Today. Others include Albemarle Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alb#NYSE">ALB</a>), Rio Tinto Plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rio#NYSE">RIO</a>), and Arcadium Lithium Plc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/altm#NYSE">ALTM</a>).
Holders of Lithos Group should, therefore, stay long and may want to add to holdings, and the stock is rated an Immediate Strong Buy here. It is available to U.S. investors on the OTC market where it trades in healthy volumes.
Lithos Group Ltd.&nbsp;closed at CA$0.20, US$0145 on August 20, 2024.
Important Disclosures:
<ol>
<li>Lithos Group Ltd. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.</li>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Lithos Group Ltd.</li>
<li>Author Certification and Compensation: [Clive Maund of clivemaund.com] is a technical analyst who analyzes historical trading data and he received his UK Technical Analysts&#39; Diploma in 1989. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed.</li>
<li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services, or securities of any company.</li>
</ol>
Clivemaund.com Disclosures
The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund&#39;s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund&#39;s opinions on the market and stocks cannot be construed as a recommendation or solicitation to buy and sell securities.

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