RIO to Build Demonstration Plant for Gallium Extraction in Canada
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Rio Tinto plans to build a demonstration plant in Canada to produce up to 3.5 tons of gallium annually.
December 16, 2024 | 7:00 pm
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Rio Tinto is developing a demonstration plant in Canada to produce gallium, a strategic metal, which could enhance its product offerings and market position.
The development of a gallium extraction plant by Rio Tinto indicates a strategic move to diversify its product offerings and tap into the market for strategic metals. This could positively impact RIO's stock as it may lead to new revenue streams and strengthen its market position.
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