Rio Tinto invests $2.5 billion to expand lithium project in Argentina, aiming for 2028 production.

Rio Tinto will invest $2.5 billion to expand its Rincon lithium project in Argentina, aiming to produce 60,000 tonnes of lithium carbonate annually. The project, with a 40-year mine life, will begin construction mid-2025, with production expected in 2028. This investment supports Rio Tinto's goal to become a major player in battery metals, benefiting from Argentina's economic incentives and boosting local jobs and economy.

December 12, 2024
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