Argentine miners want the upcoming government to develop lithium strategy

Argentina is rapidly emerging as the world’s fastest-growing lithium producer. However, to surpass its regional rivals and maximize this opportunity, the incoming administration needs to create a favorable environment for developers. Hurdles faced by lithium development in neighboring countries like Chile and Bolivia, such as tax hikes and stricter environmental standards, have opened doors for Argentina.

The country must now focus on avoiding unpredictable state interventionism that has hampered growth in various sectors.

Tomas de Pablos Souza, President of Liex SA (a unit of China’s Zijin Mining Group Co.), emphasized the need for a strategic approach from the upcoming administration.

He urged for clear rules, legal protections for companies, and approval of electro-mobility legislation to encourage lithium investments. This call for better business conditions aligns with the growing demand for lithium, a crucial component in electric vehicle batteries.

Currently ranked as the fourth-largest lithium producer, Argentina has the potential to propel itself to second place behind Australia within a few years, given its substantial lithium reserves. The presidential candidates, particularly those promising to deregulate the economy, play a significant role in ensuring the country can seize this opportunity effectively.

Zijin unit Liex is actively involved in developing lithium projects in Argentina, such as the Tres Quebradas site. The country’s lithium production is vital in meeting the soaring demand driven by the expanding electric vehicle market, making it a critical player in the global lithium industry.

QUATRO Strategies International Inc. is the leading business insights and corporate strategy company based in Toronto, Ontario. Through our unique services, we counsel our clients on their key strategic issues, leveraging our deep industry expertise and using analytical rigor to help them make informed decisions to establish a competitive edge in the marketplace.

Make strategic decisions with confidence!

Learn how we can support you in setting the right strategy in a fragmenting global economy.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Japan’s Kyushu pauses decision on US LNG investment amid export license review

Kyushu Electric Power, a major utility company in Japan, is deliberating on its investment decision regarding the Lake Charles liquefied natural gas (LNG) project in Louisiana, United States. The company has indicated that it will wait until after the United States resumes issuing export licenses for…

Russia’s coal exports to Asia decline amidst intensified competition and pricing pressures

Russia’s exports of seaborne coal to Asia have experienced a weakening trend in recent months, with lower shipments of both thermal grades and metallurgical coal used in steel production. Despite a slight increase in February compared to January, exports remained significantly below the levels…

EU agrees on rules to prioritize production of critical goods

European Union countries and lawmakers have reached an agreement on rules that will require companies based in Europe to prioritize the production of key products to avoid supply chain crises, similar to those caused by the COVID-19 pandemic and Russia’s invasion of Ukraine. The European Commission…

Stay informed

error: Content is protected !!