Rio tinto to invest $2.5 billion to expand rincon lithium project capacity to 60,000 tonnes per year

London--(business wire)--rio tinto has approved $2.5 billion1 to expand the rincon project in argentina, the company's first commercial scale lithium operation, demonstrating its commitment to building a world-class battery materials portfolio. rincon's capacity of 60,000 tonnes of battery grade lithium carbonate per year is comprised of the 3,000-tonne starter plant and 57,000-tonne expansion plant. rincon's mine life is expected to be 40 years2, with construction of the expanded plant schedul.
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