Rio Tinto's $350M Investment in Argentina Lithium Plant to Kickstart Production in 2021
Wednesday, 20 March 2024, 13:55
Rio Tinto's $350M Investment in Argentina Lithium Plant
Rio Tinto has revealed plans to invest $350 million in an Argentina lithium plant to kickstart production in 2021. The move underscores the company's commitment to the renewable energy sector and growing demand for lithium.
Key Points:
- Investment: $350 million in Argentina lithium plant
- Timeline: Production to commence this year
- Impact: Enhancing Argentina's global lithium market presence
The investment signals a strategic move by Rio Tinto into the lithium space, aiming to capitalize on the booming demand for battery materials.
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