Argentina has it's risks specifically with regards to inflation (leading to massive economic instability) and foreign currency translation. Both could be mitigated if contracts are denominated in USD. However the royalty rate of 3% compares very favourably to Chile's rate of up to 40%. Argentina being the 6th largest lithium producer in the world is trying to develop this industry by attracting foreign investment, through creating certainty around both foreign currency translation limits and a stable royalty rate.
I can't speak for what is happening in African nations but the fact that AVZ, LLL and now A11 are all in different countries and are facing issues, speaks volumes. Though A11's issues are more around uncertainty of State involvement and ownership, not dissimilar to what is happening in Chile.
Ann: Full HMW Phase 1 Construction Permits Granted, page-35
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