Rio Tinto Limited (AU:RIO) has released an update.
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Rio Tinto has unveiled its initial mineral resources and ore reserves for the Rincon Project in Argentina, highlighting a significant lithium brine deposit. The project aims to produce approximately 53,000 tonnes of battery-grade lithium carbonate annually for 40 years, with potential to expand to 60,000 tonnes. This development positions Rio Tinto as a leading player in the lithium market, promising long-term profitability.
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