LITHIUM / ARGENTINA / MACROECONOMICS

China advances in Argentina and confirms disbursements of $1.3 billion in lithium and fertilizers

August 26, 2022, 5:45 a.m.
https://tn.com.ar/economia/2022/08/26/china-avanza-en-la-argentina-y-confirma-desembolsos-por-us1300-millones-de-dolares-en-litio-y-fertilizantes/

In the meeting between officials of the foreign ministries of both countries, which was held virtually, progress was also made on new projects in which Beijing could make new Chinese direct investments in the country, with the aim of increasing exportable supply, promoting regional development and generating employment in different provinces.
On the side of lithium, the star energy sector, Gotion High Tech, added another project to the one announced at the beginning of the year to establish an electric bus plant: It partnered with the firm Corven, from Santa Fe, to manufacture lithium cells and batteries for institutional uses, such as rural schools, hospitals, among other recipients.
Meanwhile, the YPF lithium division partnered with Tianqi Lithium, one of the three most important companies in the world dedicated to lithium, to jointly invest in the exploration, exploitation, production, marketing and industrialization of the ore.
The focus is on developments related to gas, lithium, renewable energies, mining, health and the agrobio-industrial sector

According to information from the Secretariat of Strategic Affairs, led by Mercedes Marcó del Pont, the Chinese Investment Bank is the financial institution with the most projects underway in Argentina (more than 66% of the total), with total amounts of more than US$7 billion.

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Secretary of Energy, Flavia Royon
Postedon Thursday, August 25, 2022
In understanding the Argentine energy system as a whole where all areas can contribute to the potential of self-sufficiency, Royon positively valued the reciprocal link between the mining industry and the oil and gas industry.
In this regard, She considered: "The oil and gas sector has a lot of know-how to transfer to lithium and, in turn, lithium is an element that is imposed on the energy transition agenda together with renewable energies and finds our country with many business opportunities, that is why we have to deploy all our potential to be able to capitalize on it”.

We can down ramp on Argentinas economy but there is always two sides of the story. I can list a lot of positives/negatives as well

-Demonstrations inArgentina are common

-known for its world-famous footballers

-Argentina is also famous for itsquality wine, delicious food, and world-renowned landmarks.

-Argentina is actually the fifthlargest producer of wine in the world. The country’s wines are exported to over60 countries.

-Argentina is known for its love forTango

-Argentina has a long history ofpolitical instability

-Despite its turbulent past, Argentinais now a democracy, and its politics are relatively stable. However, there arestill periodic protests and unrest in the country. ........blah blah blah

So What you say?
EXACTLY SO WHAT

Its about AGY's lithium and how its about to start producing
BATTERY GRADE LITHIUM very soon.
Even if we have a dip it will bounce back because the whole world needs lithium NOW if any one hasn't noticed. Good luck to those who can top up early in the week.
Macroeconomics and Lithium don't mix IMO. DYOR

'Hasta luego' – See you later