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Rio Tinto opens new lithium plants

Rio Tinto launched two new lithium facilities in Argentina with a combined cost of 1.4 billion dollars. The projects utilize direct lithium extraction technology to boost regional output.

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Rio Tinto Chief Executive Simon Trott addresses the audience during the inauguration of two new lithium plants, in Catamarca, Argentina, October 28, 2026. Picture taken with a mobile phone. REUTERS/Lucila Sigal

Rio Tinto PLC inaugurated two new lithium plants in Argentina's mountainous Catamarca province on Wednesday, investing $1.4 billion to expand production. The projects advance the company's large-scale push into direct lithium extraction technology.