Argentina’s lithium exports soar

Argentina’s lithium exports hit an all-time high last month, and grew 234% last year. With three active mines and an additional 38 in development, Argentina is now the fastest-growing lithium producer in the world.

Lithium is keyprices are now roughly seven times what they were in 2020, as the world scrambles to secure critical inputs for the energy transition.

In fact, just last week, EU chief Ursula von der Leyen was in Buenos Aires to sign a raw materials deal with President Alberto Fernández.

Intrigue’s take: Clearly Argentina has something the world wants. And in return, Argentina stands to get something it needs: the government is seeking to avoid a currency devaluation before elections this October, and for that it needs… you guessed it, foreign currency.

Also worth noting:

  • Argentina has rolled out incentives to foster mining investment with the aim of hitting $10B in annual mineral exports by 2030. That figure was at $3.9B last year and is on track to reach $6B this year.
  • Dozens of international miners are now operating in Argentina, including China’s Ganfeng and the US-based Livent, which have both agreed to supply lithium for BMW’s EV batteries.
Latest Author Articles
The geopolitics of UEFA football

With Europe’s UEFA men’s football (sorry, ‘soccer’) championship final happening this Sunday, what better time to have a look at the geopolitics of it all?

11 July, 2024
Why banks are closely following record-breaking Hurricane Beryl

With winds reaching 165 mph, Hurricane Beryl made landfall in Grenada and St Vincent on Monday and was upgraded to a Category 5 storm yesterday. 5 is the highest rating on the Saffir-Simpson Hurricane Wind Scale, which is used to estimate potential property damage.

3 July, 2024
China’s Central Bank dips into bond market amid economic slump

The People’s Bank of China (PBOC) announced on Monday that it was going to dip its toe into the open market and “borrow” Chinese government bonds from primary dealers.

2 July, 2024
What Julian Assange has left behind

WikiLeaks founder Julian Assange is now a free man in his native Australia, after a deal with the US saw him plead guilty to one charge of seeking to obtain and disclose classified material.

27 June, 2024