Rincon Lithium Plant to Begin Production by Year's End
Rio Tinto commits $350M to Rincon lithium plant in Argentina, targeting year-end production start. Despite minimal competition, the company banks on lithium, crucial for EV batteries. It purchased the Rincon project in 2022 and plans a battery-grade lithium carbonate plant. Argentina sees a surge in lithium investment, with production rising over 45% from 2022 to 2023.
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