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 1. Home
 2. Operations
 3. Projects
 4. Rincon Lithium Project


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 Rio Tinto to
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

 * 


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.
Read more


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


RIO TINTO AND FORD SIGN MOU FOR BATTERY AND LOW CARBON MATERIALS SUPPLY TO
SUPPORT NET-ZERO FUTURE

CHICAGO and DEARBORN--(BUSINESS WIRE)-- Rio Tinto and 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


RIO TINTO COMPLETES ACQUISITION OF RINCON LITHIUM PROJECT

MELBOURNE, Australia--(BUSINESS WIRE)-- Rio Tinto has 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


RIO TINTO TO ACQUIRE RINCON MINING LITHIUM PROJECT

LONDON--(BUSINESS WIRE)-- Rio Tinto has 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


See all Rincon releases


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How we’re raising our decarbonisation ambition


LITHIUM

Lithium is considered a critical mineral by many countries
© Rio Tinto 2024. All Rights Reserved.

Finding better ways™ to provide the materials the world needs

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