Rio Takes step toward M&A redemption with $6.7 billion lithium bet
Modest by comparison with past splurges, the all-cash deal is a significant and long-awaited expansion of Rio’s bet on lithium.
The Pentagon holds a strategic stockpile for germanium but currently has no inventory reserves for gallium, a spokesperson said on Thursday after China announced export restrictions on the two metals used in semiconductors.
“The (Defense) Department is proactively taking steps using Defense Production Act Title III authorities to increase domestic mining and processing of critical materials for the microelectronics and space supply chain, including gallium and germanium,” the spokesperson said.
(By Idrees Ali and Rami Ayyub; Editing by Doina Chiacu)
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