Albion Resources Limited

0.051

+0.0012.00%

Volume:521.14K

Turnover:28.39K

Market Cap:6.73M

PE:-4.78

High:0.055

Open:0.054

Low:0.051

Close:0.050

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This will position Rio Tinto as a major lithium producer with one of the world’s largest lithium resource bases. RIO aims to grow the capacity of its Tier 1 assets to more than 200,000 tons of lithium carbonate equivalent  per annum by 2028.In 2022, RIO acquired the Rincon lithium project in Argentina, and in December 2024, it announced a $2.5 billion investment in the project. Rincon has the capacity to produce 60,000 tons of battery-grade lithium carbonate per year. This includes a 3,000-ton starter plant and a 57,000-ton expansion plant. The mine's ore reserves are 60% higher than the company projected at the time of acquisition. 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