Codelco Teams Up with Rio Tinto for Maricunga Lithium Project
Codelco, Chile's state-owned copper producer, has partnered with Rio Tinto for the Maricunga lithium project. Rio Tinto will invest up to $900 million in the venture, according to Codelco's announcement. This collaboration marks a significant step in expanding lithium production capabilities in Chile.
- Country:
- Chile
In a significant development for the lithium industry, Chile's state-owned copper producer Codelco has announced a partnership with global mining giant Rio Tinto for its Maricunga lithium project.
Codelco revealed that Rio Tinto would contribute up to $900 million to the project, marking a substantial investment in the venture.
This collaboration is poised to enhance Chile's production capabilities in the burgeoning lithium market, a critical component in the production of rechargeable batteries.
(With inputs from agencies.)
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