RIO DE JANEIRO, BRAZIL - Rio Tinto Plc said today that it would buy the Rincón lithium project located in Argentina for US$825 million, as the company seeks to build its position as a supplier of battery materials.
The acquisition comes against a solid global demand for lithium as input for batteries used in electric cars. In contrast, another mining product, borate, is used in solar panels and wind turbines.
Read also: Check out our coverage on Argentina
"The Rincon project has the potential to deliver . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here