Rio Tinto celebrates opening of $1.4 billion lithium projects in Argentina
Rio Tinto marked the official opening of its Fénix 1B expansion and Sal de Vida lithium operation in Catamarca, Argentina, following a combined investment of around $1.4 billion. Both projects achieved first production in Q2 ahead of plan and will add 25,000 tonnes of annual lithium carbonate equivalent capacity once fully ramped, lifting Fénix to a ~40,000 tonne target.
Key figures
- Combined investment usd
- $1.4 billion
- Local supplier spend pct
- 70%
- Added lce capacity tonnes
- 25000
- Global lce target by 2028
- 200000
- Fenix total target lce tonnes
- 40000
- Sal de vida target lce tonnes
- 15000
- Growth capital argentina lithium usd
- $4 billion
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