Rio Tinto unveils lithium resource at Rincon project

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for the Rincon lithium project in Argentina, marking a significant milestone in its push to become a leader producer of the battery metal.

The asset is projected to produce 53,000 tonnes of battery-grade lithium carbonate annually over a 40-year mine life, with plans to expand production to 60,000 tonnes per year. Rio Tinto also plans to build a pilot lithium carbonate plant with an annual capacity of 3,000 tonnes, If finalized by mid-2025 as expected, the acquisition would bolster Rio’s portfolio with assets in Argentina, Australia, and processing facilities in the US, China, Japan, and the UK.

The Jadar operation could provide enough lithium to power one million electric vehicles annually and meet 90% of Europe’s current lithium demand, underscoring its strategic importance to the global energy transition.

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