Lyndon Fagan's questions to RIO TINTO (RIO) leadership • H1 2025
Question
Lyndon Fagan of JPMorgan Chase & Co. asked if Rio Tinto stands by its aggressive lithium demand forecast, inquired about the development timeline for Arcadian's 'Wave 2' expansion projects, and requested more detail on the ramp-up profile for the Simandou project.
Answer
CEO Jakob Stausholm affirmed the company's belief in its strong lithium demand forecast, citing unexpected growth in stationary batteries. CFO Peter Cunningham added that while immediate priorities are the Fenix and Sal de Vida projects, a more detailed master plan for other options will be provided at the Capital Markets Day. Regarding Simandou, Cunningham reiterated the 30-month ramp-up will be optimized as infrastructure comes online.