Rio Tinto cautions against takeover fever after lithium's dramatic price slump

Lithium’s dramatic price slump has mining heavyweights chasing takeovers of companies with early stage or pre-production projects. But one giant is warning that offering high premiums for smaller miners comes with risks.

Rio Tinto Group CEO Jakob Stausholm said he’s “cautious” about acquisitions at current valuations, despite the world’s second-biggest miner wanting to grow its nascent lithium business.