Milei inaugurates Rio Tinto's $530M Phoenix Project expansion in Catamarca

Argentine President Milei inaugurates Rio Tinto's $530M expansion of the Phoenix lithium project in Catamarca, signaling support for the RIGI investment incentive regime. The move underscores Argentina's push to attract foreign mining capital amid economic reforms, though political motivations are also evident. The investment bolsters Argentina's lithium production capacity, a key growth sector.

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