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Rio Tinto Buys $825 Million Lithium Project in Battery Push

  • Rio to buy Argentina Rincon project from private equity owners
  • Biggest miners are looking to mine more battery materials
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WATCH: Rio Tinto accelerates its push into battery materials. The miner agreed to buy a lithium mine in Argentina. Jim Thornhill reports.Source: Bloomberg
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Rio Tinto Group agreed to buy a lithium mine in Argentina for $825 million as the world’s second-biggest miner accelerates its push into battery materials. 

The top mining companies are increasingly looking to expand into so-called future facing commodities, such as lithium, copper and even fertilizers, as investors and governments increase pressure on more polluting materials that have long been the most profitable.