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"Argentina Talks Up Potential of Growing Lithium Industry" From...

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    "Argentina Talks Up Potential of Growing Lithium Industry" From BA Times (Buenos Aires Times).

    https://www.batimes.com.ar/news/economy/argentina-talks-up-potential-of-growing-lithium-industry.phtml

    All sounds positive. It's a long article bit have copied in more relevant interesting paragraphs below:

    Argentina talks up potential of growing lithium industry

    Investment in the lithium sector over the last three years has surpassed US$1.1 billion, while jobs created have tripled, according to government data.



    The government considers that the local lithium investment projects could represent a relevant contribution to the northern provinces of Catamarca, Jujuy and Salta housing these resources, especially in the zones of the salt flats. These carry an important weight in the export structure of these regions, especially in the case of Jujuy, and could increase appreciably in all three provinces when the projects currently underway come on stream. In this sense Argentina is pushing forward this strategic sector for the long-term growth of the economy and the development of an industry which promotes "the environmentally sustainable exploitation of this kind of mining," said Kulfas this week."

    "We have to develop renewable energy as an industrial project. It must be sustainable and the way to make it sustainable is with national industry with national jobs while at the same time working with a federal agenda of green industrialisation," he declared. Lithium, an exclusive protagonist of the current technological revolution on the basis of its utility for developing batteries for mobile gadgets such as cell phones, tablets and laptops, is also a key mineral for manufacturing cleaner, lighter and more efficient energy storage systems, thus giving a vital boost to hybrid and electric vehicles.

    During the event, Kulfas said that Argentina wanted to become a "technological producer for South America and other regions," adding that "fiscal and tax incentives" could be further developed to promote "investment." The BMW auto giant has recently announced an investment of over US$300 million for the sustainable exploitation of deposits in Catamarca via the United States mining company Livent in order to produce batteries for their future electric cars, the spearhead for a series of future investments. On Thursday, Canadian company Portofino said a geochemical sampling programme at a site called Yergo, in Catamarca, had produced “high favourable” results. To that should be added a memorandum of understanding signed by China’s Jiankang Automobile Company and the Productive Development Ministry early in March following a joint visit to Catamarca deposits. "Argentina and China are strategic partners and this is part of the strategy of our government to totally integrate the value chain for lithium in Argentina, from the salt flats, passing through the batteries to the production of electric vehicles," affirmed minister Kulfas after the signature of the agreement

    On this premise the Productive Development Ministry’s most ambitious objective is to be able to build a factory of lithium batteries for export throughout the region, hence the memorandum of understanding with Jiankang to have the necessary technology, investment and economies of scale. A plant to manufacture electric buses for sustainable mobility in the cities is also planned.
 
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