Ahead of its acquisition by Rio Tinto, Arcadium Lithium announced strong growth in Argentina in 2024, driven by increased production and project development.
Arcadium Lithium, the global lithium company formed in January 2024 following the merger of Livent and Allkem, reported record production in Argentina during the fourth quarter and full-year 2024, despite challenging market conditions.
By Panorama Minero
The company highlighted key progress in expanding its operations and optimizing projects in Argentina, as it prepares for its upcoming acquisition by Rio Tinto, set to close on March 6, 2025.
Paul Graves, President and CEO of Arcadium Lithium, praised the performance of the team in Argentina and reaffirmed the company’s position as the country’s largest lithium producer.
“I want to congratulate our teams for successfully achieving our operational and expansion milestones.
The integration with Rio Tinto will further strengthen our world-class asset portfolio, both in Argentina and globally,” he stated.
Key Operational Highlights in Argentina – 2024
-
20% year-over-year increase in combined production from Fénix (Catamarca) and Olaroz (Jujuy), reaching a record volume of:
- 44,115 tons of lithium carbonate
- 4,541 tons of lithium chloride
-
Completion of the Fénix 1A expansion in Catamarca, with ramp-up nearing its nominal capacity of 10,000 tons per year.
-
Progress in the Sal de Vida development in Catamarca and preparations for a potential accelerated restart of Fénix 1B.
-
Commissioning of Olaroz II in Jujuy, with production and quality meeting expectations, as ramp-up continues toward its nominal capacity of 25,000 tons per year.
For further details, the company has published its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, available through the U.S. Securities and Exchange Commission (SEC).
