Rio Tinto has announced the launch of two direct-lithium-extraction plants in Catamarca, Argentina. The facilities, which represent a $1.4 billion investment, employ direct lithium extraction technology to convert brine into battery-grade lithium carbonate. The plants, Fénix 1B and Sal de Vida, are now operational and mark a significant milestone in Rio Tinto's lithium production goals. The company's investment in the region is expected to have a positive impact on the local economy.
The two plants have a combined annual capacity of 25,000 metric tons of lithium carbonate equivalent. Fénix 1B contributes 10,000 t, while Sal de Vida delivers an additional 15,000 t. The engineering design of the plants prioritizes water recovery, significantly reducing fresh-water consumption during commercial extraction cycles. This approach aligns with Rio Tinto's commitment to sustainable and responsible mining practices. The commissioning of the plants is a key step towards achieving the company's long-term lithium production targets.
Rio Tinto's investment in the region will have a positive impact on the local economy, with approximately 70% of the $4 billion earmarked for regional growth allocated to Argentine construction firms and equipment suppliers. This commitment to local contractors is expected to create jobs and stimulate economic growth in the area. The company's focus on supporting local businesses is a key aspect of its strategy for responsible and sustainable mining practices.
The launch of the lithium processing plants in Argentina is part of a wider capital program for Rio Tinto, which includes a $6.7 billion commitment to mining and transport infrastructure in Africa. Notable projects include the Simandou iron-ore project in Guinea and upgrades in South Africa. This significant investment in mining infrastructure highlights Rio Tinto's commitment to expanding its global presence and increasing its production capacity.
Rio Tinto's long-term roadmap targets 200,000 t of annual lithium output from its South American assets by 2028. The commissioning of the new plants in Catamarca represents the first step towards achieving this goal. The company's strategy for lithium production is focused on sustainable and responsible practices, with a emphasis on minimizing environmental impact. The launch of the plants marks a significant milestone in Rio Tinto's lithium production journey.
The commissioning of the lithium processing plants has created more than 15,000 specialized construction jobs globally, with permanent staffing to support ongoing technical, metallurgical, and logistics operations. This investment in human capital is a key aspect of Rio Tinto's strategy for responsible and sustainable mining practices. The company's commitment to creating jobs and stimulating economic growth is expected to have a positive impact on local communities.
The launch of the lithium processing plants in Argentina marks a significant milestone in Rio Tinto's expansion into the lithium market. The company's investment in the region is expected to have a positive impact on the local economy, creating jobs and stimulating economic growth. With a focus on sustainable and responsible practices, Rio Tinto is well-positioned to achieve its long-term lithium production targets and play a key role in the global lithium market.
Key points
- Rio Tinto invests $1.4 billion in lithium processing hub in Argentina's Catamarca province.
- The facilities have a combined annual capacity of 25,000 metric tons of lithium carbonate equivalent.
- Rio Tinto targets 200,000 t of annual lithium output from its South American assets by 2028.
