Milei has moved quickly to devalue the Peso ( versus the US$) by...

Milei has moved quickly to devalue the Peso ( versus the US$) by 50% overnight . First move which may be followed by many .

The weaker Peso/US$ exchange rate will benefit all exports from Argentina that are expressed in US$ ( I dare say AGY will be exporting & invoicing in US$ ). This devaluation move will benefit Puna & AGY in that their quality LCE product will become price competitive and will assist to win market share as they will be able to reduce their price ( if need be) and still make much bigger profit. Puna will benefit from winning more market share from the weaker Peso exchange rate and receive up to 50% more Peso from US$ receipts , whereas AGY will also benefit from increased sales market share but their US$ receipts will be subject to the A$/US$ exchange rate which from all expectations it is expected to remain weak versus the US$

All in all the devaluation of the Peso versus the US$ is a positive for Puna and AGY.

This is my opinion and not financial advice. DYOR