The $825 million acquisition of Rincon gives Rio Tinto a large undeveloped lithium brine project located in the heart of South America's lithium triangle.

Patricio Vergara, VP of mining resources and development, said the hived-off assets could become eventual partnerships.

Car buyers may be delaying any EV purchase at their peril.

Contemporary Amperex Technology Co. Ltd. is scouting sites for a new $5 billion battery plant in North America.

Electric vehicle battery makers will need to raise prices by almost 25% due to soaring lithium carbonate prices, said the bank.

JORC-compliant Ewoyaa lithium resource grows 42%.