Rio Tinto is going to invest in the Rincon lithium project

$2.5 billion investment

Rio Tinto has announced its approval of a $2.5 billion investment to expand the Rincon project, the first large-scale lithium operation in Argentina. This marks a significant step forward in building a world-class battery materials portfolio, aligning with the global energy transition.

Rincon lithium project

The annual capacity of Rincon is estimated at 60,000 tonnes of battery-grade lithium carbonate. It will utilize cutting-edge Direct Lithium Extraction (DLE) technology, minimizing water use and waste. Moreover, the project should boost the local economy which should result in significant job creation and local business opportunities. The expansion should start in mid-2025, with production beginning in 2028.

Sustainable future

Jakob Stausholm, Rio Tinto’s CEO, stated „This investment reflects our commitment to a sustainable future. Leveraging Argentina’s resources and skilled workforce, we’re positioning Rio Tinto as a global leader in lithium production, while maintaining the highest ESG standards.”

Located in Argentina’s lithium triangle, Rincon is poised to support the country’s ambitions to be a world-leading lithium producer, underpinned by supportive policies and investor protections.