Rio Tinto Limited (AU:RIO) has released an update.
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Rio Tinto has unveiled significant mineral resources and ore reserves for its Rincon Project in Argentina, boasting a total of 11.68 million tonnes of lithium carbonate equivalent (LCE). The project aims to produce approximately 53,000 tonnes of battery-grade lithium carbonate annually for 40 years, with plans to increase capacity to 60,000 tonnes. With completion of the Rincon 3000 starter plant expected in early 2025, Rio Tinto positions itself to be a major player in the lithium market.
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