According to an article (link is attached below)Argentina wants reports on the groundwater stocks of some regions because of lithium mining, which will then decide whether mining can continue there. First of all, both monitoring areas are almost 100km away from Allkem.It's another episode that focuses on the actions of Chinese companies and Livent's immense water consumption.Livent has already diverted a river and thus almost destroyed the livelihood of many people, but the water is not enough for them, so another river is to be tapped or diverted.DLE processes require 3-5 times more water than conventional processes. Above all, however, these processes require fresh drinking water.
Link : https://www.bnamericas.com/en/news/argentinas-supreme-court-creates-headwind-for-jujuy-and-salta-lithium-projects
AKE Price at posting:
$12.03 Sentiment: Buy Disclosure: Held
