Rio Tinto has pared back its ambitions for rapid lithium growth, telling investors at its capital markets day in London that it will limit investment to projects already under development, with any further expansion contingent on market conditions and strict returns criteria
CEO Simon Trott confirmed that the company will complete its current slate of lithium projects — including the Rincon brine operation in Argentina and a single spodumene mine in Canada — to reach approximately 200,000 tonnes per year of lithium capacity by 2028 This figure is below the miner’s earlier guidance of 225,000 t/y, marking a recalibration of expectations amid a volatile market
Please login to your account to read an unabridged text.
If you don't have an account, you can create it free by registering here.
Source and Credit: miningweekly.com
