Lithium stocks ‘one deal away’ from going on a tear: E&P

Australian lithium stocks are just one deal away from a resurgence as investors face a shrinking pool of miners to invest in after Rio Tinto’s $9.9 billion takeover of Arcadium, according to E&P Financial.

The broker said Rio’s landmark deal, which capitalised on the collapse in lithium prices, could trigger a wave of institutional money into the stocks as investors speculate on the next takeover target.