Rio Tinto plans to invest $350m in Argentina's Rincon lithium project, targeting production by 2024.

Rio Tinto plans to invest $350 million in its Rincon lithium project in Argentina, targeting production by the end of 2024. The company acquired the project from Rincon Mining in 2022 for $825 million and aims to establish a 3,000-tonne annual capacity battery-grade lithium carbonate plant. The investment supports Rio Tinto's commitment to sustainable energy solutions and aligns with a non-binding agreement signed with Ford in 2022.

March 20, 2024
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