Argentine mining companies condemn government-set lithium export price, Auto News, ET Auto

Argentina and its neighbors Bolivia and Chile form what is known as the “lithium triangle”, home to the world’s largest reserves of the metal.

BUENOS AIRES — The price for lithium exports set by the Argentinian government earlier this week could limit the country’s ability to take advantage of the increasingly hot market for the crucial material for electric vehicle batteries, an industry group said Friday. .

Argentina’s customs agency has set a benchmark price of $53 per kilo for lithium carbonate exports to countries including the United States, China, Japan, Canada and Thailand to address what ‘she called ‘irregularities’ in the market and improve transparency.

The new measure will have a “negative impact on companies with investments in Argentina and on the development of other ongoing projects”, the Argentine Chamber of Mining Entrepreneurs (CAEM) said.

“It is essential that the country be able to maintain a stable framework of clear rules and legal certainty that allows the planning of investments of a productive nature,” the group said.

Argentina and its neighbors Bolivia and Chile form what is known as the “lithium triangle”, home to the world’s largest reserves of the metal.

Follow us and join us on Facebook, Linkedin, Youtube

Comments are closed.