Rio Tinto Set to Invest $2.5B for Rincon Project in Argentina
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Rio Tinto is investing $2.5 billion in the Rincon lithium project in Argentina, marking its first commercial-scale lithium operation.
December 13, 2024 | 6:30 pm
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Rio Tinto is investing $2.5 billion in the Rincon lithium project in Argentina, marking its first commercial-scale lithium operation.
The $2.5 billion investment in the Rincon project signifies a major step for Rio Tinto into the lithium market, which is crucial for electric vehicle batteries. This move is likely to positively impact RIO's stock price as it diversifies its portfolio and taps into the growing demand for lithium.
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