The world No 4 Iron Ore Producer Fortescue Metals Group, CEO Elizabeth Gaines says the Australian iron ore producer is working towards finding other commodities to mine.
In a recent interview she said she had high hopes for the exploration work for copper, gold and lithium.
Gaines said that finding the right project is key because the growth in Lithium demand is expected, driven by the electric vehicle industry.
Lithiums biggest customer China is expected to increasingly ask for more Battery Grade Lithium Hydroxide as it pushes for more Electric Vehicles to help cut smog.
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Some Tweets on this subject:
The CEO of Australian iron ore producer Fortescue Metals Group (ASX:FMG) said that the company is working towards finding other commodities to mine. Read more: https://t.co/GAE7MJtAVT #mining #miningnews pic.twitter.com/9cCSBHDj1P
— Bus 4×4 Pty Ltd. (@BUS4x4) June 5, 2018
Fortescue diversifying into other commodities and establishing its presence in Argentina, which it believes is prospective for copper, gold and lithium, as well as in Ecuador https://t.co/47CeHPSHXZ
— Amber Mining (@AmberMining) June 4, 2018