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Monday, November 28, 2022

Argentina seeks control of the entire lithium chain

With 19 million tons, Argentina is following Bolivia the nation with the most significant lithium methods, and now, in comprehensive swing of “white gold”, it would like to handle the whole manufacturing chain: from the extraction in the salt flats to the manufacture of cars electrical.

Until now, lithium has been exploited in Argentina by two multinationals, the US Livent and the Australian Allkem Minimal, which generate and export some 40,000 tons for every yr. But the YPF enterprise, with a state greater part, is making ready to enter the appetizing organization.

“YPF has seemed at lithium as an possibility very similar to Vaca Muerta,” claimed Roberto Salvarezza, president of the subsidiaries YPF-Litio and YPF-Tec.

“We have quite important sources, 40% of the lithium triangle”, which Argentina kinds together with Bolivia and Chile. “Our lithium is aggressive, mainly because we have large evaporation costs and we also have lower levels of pollutants,” claimed the supervisor.

Lithium is extracted from salt flats in which, in addition to this mineral, there is sodium and other components these kinds of as magnesium, which are a lot less current in Argentina than in Bolivia or Chile.

Its exports of 40,000 tons per calendar year area Argentina in fourth position in the entire world, just after Australia, China and Chile. “The scenario is that in 2025 we are at 200,000 tons. That is to say, that the output capability of lithium carbonate is multiplied by five”, indicated Salvarezza.

– Report Published By @ from news.google.com

Nicole Aniston
Nicole loves to write and works as a corporate communications expert by day. She's been working in the field for quite some time now. Her training in media studies has provided her a wide perspective from which to tackle various issues. Public relations, corporate communications, travel, entrepreneurship, insurance, and finance are just few of the many topics she's interested in covering in her work.
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