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

Major Chinese copper smelters propose output reductions amid supply challenges

Chinese smelters, responsible for producing over half of the world’s refined copper supply, have taken a significant step towards implementing a joint output cut amid tightening ore supplies and dwindling processing fees. At a quarterly meeting of the Copper Smelters Purchasing Team (CSPT) in Shanghai…

US set to let Venezuela sanctions relief expire over election concerns

The United States is poised to let a temporary license that eased sanctions on Venezuela’s oil and gas sector expire unless President Nicolas Maduro makes significant progress on commitments for free and fair elections this year, just three days before the license’s expiration. Concerns persist within…

Egypt to issue LNG tender to tackle summer demand surge and power shortages

Egypt is planning to issue a buy tender seeking 15-20 cargoes of liquefied natural gas (LNG) to address heavy summer demand, which has led to rolling blackouts and temporary shutdowns of chemical and fertilizer plants. This move comes as Egypt, the most populous Arab country, has transitioned from being a net exporter…

Stay informed

error: Content is protected !!