A drill rig at Controlled Thermal Resources' (CTR) Hells Kitchen Lithium and Power project in Calipatria, California, U.S., on Wednesday, Dec. 15, 2021.
LONDON: Prices for lithium, the building block of electric-vehicle (EV) batteries, shot to a record this year, amplifying concerns there won’t be enough of the metal to fuel the switch away from combustion engines. In that climate, now should be a prime time to build a mine.
Rio Tinto Group is finding out otherwise.
