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Story summary
- Rio Tinto secures a $1.175 billion financing package from four international lenders for Rincon lithium project in Argentina.
- The $2.5 billion Rincon project aims to produce 60,000 tonnes of battery-grade lithium carbonate annually.
- The financing diversifies funding sources to support Rio Tinto's growth in response to global energy transition demands.
- Rio Tinto's investments in Argentina exceed $3.9 billion, strengthening Argentina's role in the critical minerals market.
