ÌÇÐÄvlogÈë¿Ú

Rincon Project, Argentina

Rincon Lithium Project

SALAR DEL RINCÓN, SALTA PROVINCE, ARGENTINA

The Rincon Lithium Project – a large, undeveloped lithium-brine project located in the heart of the ‘lithium triangle’ in Argentina – will be a valuable source of rapidly produced, high-quality lithium for the global energy transition.

A long-life, scalable resource capable of producing battery-grade lithium carbonate from raw brine, the project will help us deliver this vital resource to the global energy industry while meeting our commitment to decarbonise our operations by 2050.

Rincon strengthens our battery materials business and positions ÌÇÐÄvlogÈë¿Úto meet the double digit growth in demand for lithium over the next decade, at a time when supply is constrained. We will be working with local communities, the Province of Salta and the Government of Argentina as we develop this project to the highest ESG standards.”

- Jakob Stausholm, Chief Executive Officer, Rio Tinto

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Lithium, a material for the future

A vital component for clean technologies such as electric vehicles and battery storage, lithium will play an essential role in the transition to a low carbon economy. With double-digit demand growth forecast for lithium over the next decade, our Rincon Lithium Project will be an important source of supply of battery-grade lithium carbonate for the electric-vehicle market.

Next steps

We are now developing a small starter battery-grade lithium carbonate plant with a capacity of 3,000 tonnes per year and production is expected to commence by the end of 2024. Our initial investment also includes early works to support a full-scale operation, including power line and associated substations, construction camp and airstrip.

We are also conducting studies, developing our strategy and timing, and securing updates to existing environmental impact assessment permits. We will be engaging with local communities, the Province of Salta and the Government of Argentina to ensure the project is developed to the highest environmental, social and governance standards.

Latest Rincon releases

21 July 2022

ÌÇÐÄvlogÈë¿Úand Ford sign MOU for battery and low carbon materials supply to support net-zero future

CHICAGO and DEARBORN--(BUSINESS WIRE)-- ÌÇÐÄvlogÈë¿Úand Ford Motor Company have signed a non-binding global memorandum of understanding (MOU) to jointly develop more sustainable and secure supply chains for battery and low-carbon materials to be used in Ford vehicles. The multi-materials partnership will support the transition toward a net-zero future by supplying Ford, one of the worl

29 March 2022

ÌÇÐÄvlogÈë¿Úcompletes acquisition of Rincon lithium project

MELBOURNE, Australia--(BUSINESS WIRE)-- ÌÇÐÄvlogÈë¿Úhas completed the acquisition of the Rincon lithium projectin Argentina for $825 million, following approval from Australia’s Foreign Investment Review Board (FIRB). A binding agreement to purchase the project from Rincon Mining, a company owned by funds managed by the private equity group Sentient Equity Partners, was announced in December 20

21 December 2021

ÌÇÐÄvlogÈë¿Úto acquire Rincon Mining lithium project

LONDON--(BUSINESS WIRE)-- ÌÇÐÄvlogÈë¿Úhas entered into a binding agreement to acquire the Rincon lithium project [1] in Argentina from Rincon Mining, a company owned by funds managed by the private equity group Sentient Equity Partners, for $825 million. The acquisition demonstrates Rio Tinto’s commitment to build its battery materials business and strengthen its portfolio for the global energy

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Lithium is considered a critical mineral by many countries