Since 2023, Argentina has been in conversations with President Joe Biden’s administration concerning the potential for signing a particular cooperation deal for Argentine minerals. At current, the South American nation and the northern large don’t have a free commerce settlement however current laws permit the US to make use of battery elements from non-FTA international locations.
Along with officers from the Chamber and the US authorities, together with from the embassy in Argentina, the assembly was attended by representatives from Arcadium Lithium, the newly fashioned firm from the merger of Allkem and Livent, which has operations in Argentina’s Jujuy and Catamarca provinces. Representatives from Livent itself, proprietor of the Fenix venture in Catamarca, additionally attended, in addition to executives from Lake Sources, which owns the Kachi project in Catamarca; Lilac Solutions, which supplies industrial lithium extraction programs, and Albemarle, which controls the Antofalla project in Catamarca.
Catamarca, with its Hombre Muerto salt flat, is Argentina’s prime lithium-producing province, totalling 20,000 tonnes of lithium carbonate equal (LCE) generated yearly and internet hosting many of the exploration tasks. Neighbouring Salta and Jujuy are additionally wealthy within the battery metallic and, collectively, they’re a part of the Lithium Desk, a regional authorities initiative that goals to standardize insurance policies associated to sustainable lithium extraction and processing.
In complete, Argentina produces 34,000 tonnes of LCE yearly, being the fourth prime producer on this planet behind Australia, Chile and China.
Recent forecasts, nonetheless, see the ‘land of tango’ reaching as much as 260,000 tonnes of LCE yearly by 2027, which might permit it to leap one spot and turn out to be the world’s third-largest participant. That is because of its three energetic mines and 38 tasks underneath improvement.
The nation, along with Chile and Bolivia, is a part of the Lithium Triangle, a singular stripe of high-altitude land coated with lakes and white salt flats that hosts greater than half of the earth’s recognized lithium sources.