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

China’s manufacturing PMI falls to 49.1, signaling contraction amid export reliance

China’s manufacturing activity experienced an unexpected contraction in January, with the official Purchasing Managers’ Index (PMI) declining to 49.1 from 50.1 in December. This marks the weakest performance since August and falls below the 50-point threshold that separates growth from contraction…

U.S. firm Apache to invest $1.4 billion in Egypt’s energy sector

Apache Corporation has unveiled plans to invest $1.4 billion in Egypt’s energy industry next year. As one of the biggest foreign investors and the largest oil producer in Egypt, Apache’s investment aims to deepen its partnership with the country and expand its oil and gas exploration activities despite the global economic challenges.

AI and automotive tech take the spotlight at CES 2025, but tariff concerns dominate conversations

CES 2025, set to take place from January 7-10 in Las Vegas, is poised to showcase cutting-edge advancements in automotive and consumer technology, with artificial intelligence and software-driven innovations taking center stage. However, a pressing topic looms over the typically consumer-focused event: the potential economic impact…

Stay informed

error: Content is protected !!