“using that as a base line to imply they're not going to succeed...

“using that as a base line to imply they're not going to succeed or become bigger than AGY at their Rincon lithium project.”

No, not at all.
Focus.
My point is that just being a behemoth is no guarantee of success or good decision making.
Did you not read that part?
Assuming they know what they are doing just because they are a monster company, is absurd.
Learn from history.


re Rio costs, they have indeed released info about their planned Rincon expenditure.
I’ve posted in detail about it, and the history of their resource/project.

The most basic googling readily turns up:

We are advancing the 3,000 tonne per year battery-grade lithium carbonate plant starter plant, with first saleable production expected at the end of 2024. The full definition of the project, changes to scope and higher inflation have led to an increase in the capital estimate to $335 million (from $140 million).

https://www.riotinto.com/en/operations/projects


18 months ago, they stated this:

"We are investing $190 million to develop a small starter battery-grade lithium carbonate plant with a capacity of 3,000 tonnes per year and first saleable production in 2024. The investment also includes early works to support a full-scale operation, including power line and associated substations, construction camp and airstrip."



“the same could be said with AGY, why are they out by millions (and likely requiring millions more) to get the 2ktpa running? Let me guess, this question only applies to RIO, but not AGY.”

oh dear.
Are you serious?
You KNOW exactly why we are spending more time and money than anticipated to get to continuous production.
Suggesting that this is somehow comparable to Rio’s ++$100M increase in estimated costs is absurd.
Focus!