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ASX braced for ABR IPO

Two years ago, a company looking to mine borate and lithium would have been one of the more obscure offerings on the market. Today, the profile of borate is improving, coverage of lithium is at saturation point, and the concept of borate-lithium opportunities has arrived.

ASX braced for ABR IPO ASX braced for ABR IPO ASX braced for ABR IPO ASX braced for ABR IPO ASX braced for ABR IPO

A geological map of the Hector Basin in the Mojave Desert where the Fort Cady borate-lithium project awaits development

Rio Tinto (LN:RIO), one of a handful of major borate producers, is responsible for much of the growing fame around borate and lithium as a potential product suite, having discovered a new mineral, jaderite, which hosts both borate and lithium together within its massive Jadar deposit in Serbia.

While it is unclear how Rio will proceed – it would be reluctant to venture into lithium production, though equally loath to part with a world...

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