Rio Tinto plc

RIO

GB0007188757

Diversified Mining

Market Closed - London S.E. Other stock markets 11:35:03 2025-01-17 EST			5-day change	1st Jan Change
5,041.00 ^GBX	+2.22%		+4.63%	+6.73%

01-06	Barratt and Persimmon raised but Berkeley cut	AN
01-03	FTSE 100 eases but outperforms European peers	AN

Rio Tinto: invests $2.5 billion in lithium in Argentina

December 13, 2024 at 04:48 am

Rio Tinto announces that it will invest $2.5 billion to expand its Rincon project in Argentina, its first large-scale commercial lithium operation.

The project targets an annual capacity of 60,000 tonnes of battery-grade lithium carbonate, including an initial 3,000-tonne plant and a 57,000-tonne expansion. Construction will start in 2025, with production scheduled for 2028 and full capacity reached in 2031.

CEO Jakob Stausholm emphasizes lithium's long-term appeal, profitability and the company's commitment to high ESG standards, including halving water use.

The Rincon project, based on direct lithium extraction, will benefit from Argentina's favorable economic policies and 30 years of regulatory stability.

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Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
RIO TINTO PLC	5,041.00GBX	+2.22%	+4.63%	104B
EURO / ARGENTINE PESO	1,069.75ARS	-0.26%	+0.78%	-
US DOLLAR / ARGENTINE PESO	1,041.50ARS	0.00%	+0.48%	-

Latest news about Rio Tinto plc

Barratt and Persimmon raised but Berkeley cut	01-06	AN
FTSE 100 eases but outperforms European peers	01-03	AN
FTSE 100 lower; Tullow Oil jumps on tax case boost	01-03	AN
Rio Tinto: a sailor disappears in international waters	01-02	CF
After a tough 2024, what's next?	01-02
Australian Shares Rise on First Trading Day of 2025; Lendlease to Sell UK Construction Business	01-02	MT
China's 2025 iron ore imports set to hit new high even as steel demand dwindles	01-02	RE
Search Ongoing for Rio Tinto Marine Vessel's Missing Crew Member	01-01	MT
Rio Tinto Confirms Missing Crew Member Aboard its Bulk Carrier	01-01	MT
ASX Preview: Australian Shares on Track for Thin Trading Amid Holiday Lull	12-26	MT
Rio Tinto, BHP, Fortescue Seen to Benefit as Iron Ore Production Forecast to Rise 2.9% in 2024	12-26	MT
Rio Tinto's Takeover Offer Secures Approval from Arcadium Lithium Shareholders	12-23	MT
Australian Shares Inch Up as US Tech Stocks Rally; St Barbara Unit Hit With Tax Claim in Papua New Guinea	12-23	MT
Arcadium Lithium Shareholders Approve Rio Tinto Takeover Deal; Shares Up After Hours	12-23	MT
Arcadium Lithium Secures Shareholder Approval for Rio Tinto Takeover	12-23	MT
Arcadium Lithium shareholders approve $6.7 billion Rio Tinto deal	12-23	RE
Aldebaran Down More Than 2% Even As Says Nuton to Make Second Payment Worth US$20 Million Under Option Agreement	12-23	MT
European Equities Close Lower in Friday Trading; Novo Nordisk Shares Fall After Obesity Treatment Falls Short of Expectations	12-20	MT
EXECUTIVE CHANGES: Judges Scientific chair, founding director retires	12-20	AN
Rio Tinto's Investor Palliser Capital Submits Resolution to Unify Dual Listing of Company	12-20	MT
Rio Tinto: Georgie Bezette appointed next HR Director	12-20	CF
After Northvolt, Europe's battery hopes rely heavily on China	12-20	RE
Slovak battery maker InoBat raises 100 million euros in latest funding round	12-20	RE
Kenmare Resources plc Announces Chief Financial Officer Changes	12-20	CI
Rio Tinto Shareholders Call for Independent Review Into Proposed Listing Consolidation	12-19	MT

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Company Profile

Rio Tinto plc is one of the world's leaders in mining research, prospecting and operating. Net sales break down by family of products as follows: - iron ore (62.5%): 290.2 Mt produced in 2023; - aluminum, alumina and bauxite (22.2%): 54.6 Mt bauxite, 7.5 Mt alumina and 3.3 Mt aluminum produced; - copper (5.9%) : 562.4 Kt produced; - industrial minerals (5.2%): titanium dioxide pigments (1,111 Kt produced), borates (495 Kt produced) and salts (6 Mt produced); - gold (0.9%) : 281,500 ounces produced; - diamonds (0.8%) : 3.3 million carats produced; - other (2.5%): uranium, silver, zinc and molybdenum. Net sales are distributed geographically as follows: the United Kingdom (0.1%), Europe (5.3%), China (59.6%), Japan (6.9%), Asia (7.2%), the United States (13.9%), Canada (2.9%), Australia (1.7%) and other (2.4%).

Employees

57,000

Sector

Diversified Mining

Calendar

2025-02-19 - Q4 2024 Earnings Release

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