Rio Tinto secures $1.175 billion in financing from IFC, IDB Invest, EFA, and JBIC for Rincon lithium expansion in Argentina

Rio Tinto/Rincon Lithium Project

Rio Tinto closed a $1.175 billion financing package led by the International Finance Corporation, IDB Invest, Export Finance Australia and the Japan Bank for International Cooperation to support development of the Rincon lithium project in Argentina's Salta Province. The financing backs the 57,000-tonne expansion plant alongside the starter operation already in production.