Rio Tinto Opens Two New Lithium Plants in Argentina Following $1.4 Billion Investment
Rio Tinto (RIO) has officially inaugurated two new lithium production facilities in the Catamarca province of Argentina. This expansion follows a significant capital investment totaling approximately $1.4 billion, aimed at establishing a large-scale presence in the lithium market. The new plants utilize direct lithium extraction (DLE) technology, which is intended to optimize production efficiency and scale. This move represents a strategic pivot for Rio Tinto as it seeks to diversify its portfolio and secure a foothold in the rapidly growing energy transition metals sector.
Tickers: $RIO
Topics: Argentina Direct Lithium Extraction Lithium Production Mining Operations