Argentina could export US$7 billion of lithium by 2025. That’s up from US$695 million in 2022.
This info comes from Rosario’s Stock Exchange (BCR). They say lithium could become Argentina’s fifth-largest export.
Lithium exports grew fast in Argentina. They were 6% of mining exports in 2021. In 2022, it was 18%. This tripled the money earned from abroad.
BCR is hopeful about lithium in 2023. They also see a bright future for the years ahead.
Argentina has 49 lithium projects. Three are already producing and exporting. Two more could start this year.
Another two projects are under construction. Eight more are in the planning stage.
All these projects attract foreign money. They also create jobs in Argentina. Mining is becoming another big export business for the country.
Argentina is a top lithium producer. It’s in the lithium triangle with Chile and Bolivia.
Global demand for lithium is rising. This is a big chance for Argentina. BCR says more growth is possible. This could boost Argentina’s economy.
Lithium is important for batteries in electric cars and gadgets. This has made it a hot commodity globally.
Argentina has been in the lithium business for years. It is one of the top producers in the world.
The “lithium triangle” is key to global lithium supply. It includes Argentina, Chile, and Bolivia.
They have large salt flats, which are good for lithium mining. This gives these countries a big role in the growing green energy market.
Argentina aims to use this demand to grow its economy. The country wants to attract more foreign investment.
This could lead to more jobs and money for Argentina. BCR believes this is a positive step for the country’s future.