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via seekingalpha.comBusiness & Companies

Rio Tinto opens two new lithium plants in Argentina after $1.4B investment

FROM THE WIRE · SEEKINGALPHA.COM

[Lithium Li chemical element of periodic table isolated on white background. Metallic symbol of chemistry element. 3d render] OlekStock/iStock via Getty Images Rio Tinto (RIO [https://seekingalpha.com/symbol/RIO]) said Wednesday it officially opened…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe opening adds lithium capacity to Rio Tinto's battery-materials business, with effects on earnings expected gradually as plants ramp up.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Rio Tinto officially opened two new lithium plants in Argentina's Catamarca province.
  2. 02The combined investment is about $1.4 billion.
  3. 03Sal de Vida and the Fénix 1B expansion will add 25K metric tons per year of lithium carbonate equivalent when fully ramped up.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Rio Tinto GroupRIOStock85.93 USDMarket closedtoday +0.22%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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