Rio Tinto eyes new lithium plant in Argentina

Rio Tinto is evaluating a new one billion dollar lithium plant in Argentina as part of its expanding mining operations. Chief Executive Simon Trott said a final investment decision could arrive by the end of the decade.

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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 is evaluating a $1B investment in a new lithium plant in Argentina, Chief Executive Simon Trott said. The mining giant is expanding its footprint in the region alongside broader exploration for Copper. The South American nation is positioning itself as a primary hub for EV battery materials under market-friendly reforms.