JOURNAL ARTICLE

Rio Is Said to Draw Interest for Critical Mineral Assets in California.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Li, Yvonne Yue; Lorinc, Jacob; Biesheuvel, Thomas 3 of 3

Abstract

The article focuses on Rio Tinto Group's potential sale of its US boron assets, which have attracted interest from over a dozen bidders, including WE Soda, Magris Resources Inc., and US Silica Holdings Inc. These assets, located in California, produce boron—a critical mineral used in fertilizers, high-tech applications, and renewable energy materials—and could be valued at around $2 billion. The sale aligns with US government efforts to increase domestic production of critical minerals amid trade tensions with China. Rio Tinto's boron operations supply about one-third of the global refined boron demand and include mining and processing facilities in the Mojave Desert and Owens Lake. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:192931248
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