GLN 7.69% 14.0¢ galan lithium limited

General Discussion Banter GLN, page-13628

  1. 2,586 Posts.
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    Milei is going to be all talk IMO. Congress will shut him down on every corner.

    From Forbes

    In politics, it is often said that timing is everything and the wider energy complex also appears to be turning in Milei's favor. Argentina has the world's second-largest lithium reserves estimated to be in the region of 20 million tons, according to the U.S. Geological Survey.

    Domestic production of the metal that's desperately needed for the world's energy transition is ramping up, and might rise to as high as 120,000 t/year in 2024 (from a current level of around 60,000 t/year). Milei's encouragement of private sector investment could raise the game further with nearly 40 projects projects under development at three active mines.

    But his party only holds a small number of seats in Argentina's Congress. Despite his powerful mandate, Milei will now have to negotiate with those he attacked during the campaign to get his agenda going. This won't be easy. While it is too early to say how it will all pan out, but there are tangible grounds for cautious optimism.

 
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