Crunch time for West Australia’s lithium sector as Argentina may levy ruinous tax on burgeoning sector

Argentina’s government will this month decide whether to implement a supercharged lithium tax which could spell disaster for a number of WA-based explorers and an Australian mining giant.

Federal and provincial leaders in the South American nation are proposing a special tax on lithium mining profits to fund significant infrastructure upgrades across the country.

The exact details of the tax are yet to be released but the plans are set to be finalised by October 30, according to local reports.

https://thewest.com.au/business/mining/crunch-time-for-west-australias-lithium-sector-as-argentenian-may-levy-ruinous-tax-on-burgeoning-sector-c-12162235?utm_campaign=share-icons&utm_source=twitter&utm_medium=social&tid=1696924855185

Will LKE try to do a capital raise before the 30th October ?

DYOR