Rio Tinto’s US$6.7bn acquisition of Australia’s Arcadium Lithium will allow it to become a key lithium player in Argentina, where it is preparing to open a chemical plant at its Rincón project. Rio Tinto will assume Arcadium’s production capacity in Argentina of 75,000t/y of lithium carbonate equivalent (LCE), in addition to its growth plan that will double the volume by the end of 2028. Currently two Arcadium units are operating in Argentina: Hombre Muerto, which includes the under-expansion Fénix plant and the Güemes lithium chloride plant, and Olaroz.
October 10, 2024
SOURCE: BN AMERICAS
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Rio Tinto to be key player in Argentina’s lithium sector with $6.7bn Arcadium purchase