How much lithium is produced in Argentina?

Lithium production in Argentina rose 56 percent in July year-on-year; Officials confident of investment despite drop in prices of metal, eye production of 80,000 tonnes by late 2024.

How much will a lithium project cost Argentina?

Cabinet Chief Guillermo Francos said in a recent Congress appearance that the completion of lithium projects will inject around US$47.1 billion into Argentina’s economy over the next few years, consolidating the country’s position as one of the top worldwide lithium producers.

Who is investing in lithium in Argentina?

President Javier Milei’s government and several foreign mining companies maintain high expectations for the sector. Investment in lithium projects continues in Argentina, most recently with the news that South Korean company Posco will invest US$2 billion in the Hombre Muerto salt flat, located in the northern province of Salta.

Is Arcadium lithium still produced in Argentina?

Arcadium Lithium, the firm that resulted from the merger between Livent and Allkem, two of the three companies that were already producing lithium in Argentina, accounts for 13% of global production. Output has quadrupled in the last ten years, but is still attributable to only a few countries and projects. Another Argentine Unicorn on the Horizon?

How has lithium impacted the Argentine economy?

The Aleph lithium report identifies 64 projects in the country, of which three are already in production, and seven are under construction. The latter phase has had two direct impacts on the Argentine economy, in the shape of employment and imports.

Which Argentine sites produce lithium hydroxide and lithium carbonate?

Two Argentine sites, Salar de Hombre de Muerto and Salar Cauchari - Olaroz, are already producing lithium hydroxide and lithium carbonate, and are among the top three with the highest lithium concentration in the region, behind Salar de Atacama in Chile. They are also among the top three with the lowest impurities.