Rio Tinto stock falls 4.35% from October 29 quote

Published on 10/30/2026 at 17:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rio Tinto stock is below its October 29 level. The miner is ramping up two Argentine lithium projects after first production arrived ahead of plan.

Argentine lithium expansion ramps up

Rio Tinto opened the Fenix 1B expansion and Sal de Vida operation in Argentina on October 29.
Both projects reached first production in the second quarter ahead of plan and are now ramping up.
The projects are designed to add 25,000 tonnes of annual lithium carbonate equivalent capacity.
Rio Tinto is targeting 200,000 tonnes of annual lithium carbonate equivalent capacity by 2028.

Rio Tinto, GB0007188757, Illustration mit AI erstellt.

Rio Tinto opened two Argentine lithium projects on Thursday, October 29, as the miner advances its battery-metals expansion. The company said both projects reached first production in the second quarter ahead of plan and are now ramping up.

Rio Tinto stock traded at 73.17 euros on Lang & Schwarz at 17:08 Berlin time on Friday, October 30, 2026, 1.97 percent below the Xetra close of Thursday, October 29. The quote was 4.35 percent below the 76.50 euros recorded in the latest relevant ad-hoc-news report on October 29 at 10:39 Berlin time.

Two projects enter production ramp-up

According to Rio Tinto, the Fenix 1B expansion and Sal de Vida operation in Catamarca followed a combined investment of 1.4 billion US dollars. Once fully ramped up, they are expected to add 25,000 tonnes of annual lithium carbonate equivalent capacity.

Fenix 1B contributes 10,000 tonnes of annual capacity and lifts the existing Fenix operation's target to approximately 40,000 tonnes. Sal de Vida, located about 20 kilometres northeast of Fenix, has a target of 15,000 tonnes annually.

Capacity target remains the next test

Rio Tinto said the projects support its global target of 200,000 tonnes of annual lithium carbonate equivalent production capacity by 2028. Around 70 percent of the approximately 4 billion US dollars planned for lithium growth capital in Argentina is expected to go to local suppliers.

For investors, the operational ramp-up is the next milestone. Production delivery and execution will determine how quickly the new capacity contributes to Rio Tinto's broader battery-metals portfolio.

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