Rio Tinto Building Low-Cost Lithium Business in Difficult Market -- Market Talk

Dow Jones12-09 06:46

2246 GMT - While lithium market conditions are tough, Rio Tinto is developing sizable footprint at the lower end of the industry cost curve, Citi analyst Ephrem Ravi says in a note. The miner will have options to quickly develop assets if the market improves, he says. Ravi's comments follow a presentation to analysts in Argentina. Rio Tinto aims to reach roughly 200,000 metric tons of capacity by 2028 and reduce C1 costs from its brines assets to less than US$5-US$8/kilogram. Four projects--two of which are nearly complete--should get Rio Tinto to its capacity goal in three years, says Ravi. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

December 08, 2025 17:46 ET (22:46 GMT)

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