Lithium tug of war: the US-China rivalry for Argentina’s white gold

[Uncle Wong]

I didn't realize how big of a Lithium reserve Argentina had! Great article that goes to show you why the USA is so interested in investing in Argentina. Also, why you see so many high-ranking military officials in Argentina in the past few weeks.

This industry is going to boom with China and the USA fighting over Argentina's lithium.

Lithium tug of war: the US-China rivalry for Argentina’s white gold

As global competition hots up to secure lithium supplies for batteries, China is boosting its investments in Argentina while the US courts President Javier Milei

cleanenergyfrontier.climatechangenews.com

 

[Betsy Ross]

Definitely. Why do you think Elon Musk is spending so much time with President Milei? Doesn't just want to be pen pals. A LOT of $$$$ at stake.

 

[Digital Nomad]

Off topic but @GlasgowJohn did you see that Lithium recycling plant on fire in Scotland? And then shortly after one in South Korea. Strange timing.

https://twitter.com/x/status/1805240243274068436

https://twitter.com/x/status/1805204760326279343

https://twitter.com/x/status/1805229492387951060

 

[Uncle Wong]

Off topic but @GlasgowJohn did you see that Lithium recycling plant on fire in Scotland? And then shortly after one in South Korea. Strange timing.

https://twitter.com/x/status/1805240243274068436

https://twitter.com/x/status/1805204760326279343

https://twitter.com/x/status/1805229492387951060

That seems like a strange coincidence. I didn't realize Australia was so far ahead of the pack producing Lithium.

Ranked: The World’s Largest Lithium Producers in 2023

Three countries account for almost 90% of the lithium produced in the world.

elements.visualcapitalist.com

 

[GlasgowJohn]

That seems like a strange coincidence. I didn't realize Australia was so far ahead of the pack producing Lithium.

Ranked: The World’s Largest Lithium Producers in 2023

Three countries account for almost 90% of the lithium produced in the world.

elements.visualcapitalist.com

Thanks for flagging this up @Uncle Wong

I always thought this place was just a recycling plant

But there is a battery recycling plant adjacent

Not sure if its regular batteries or lithium batteries

 

[BA Bound]

Thanks for flagging this up @Uncle Wong

I always thought this place was just a recycling plant

But there is a battery recycling plant adjacent

Not sure if its regular batteries or lithium batteries

Hopefully it's not lithium batteries. Those are very very difficult to put out a fire. You have to just let it run its course.

 

[crypto]

I didn't realize that there was such a glut of lithium right now. Sounds like Argentina is unleashing a ton of lithium at the wrong time.

Argentina is about to unleash a wave of lithium in a global glut

Four new projects will finally begin to churn out lithium in the weeks and months ahead. That will almost double production capacity in Argentina, whose growth potential has long lured the attention of battery makers around the world.

www.batimes.com.ar

 

[Uncle Wong]

I didn't realize that there was such a glut of lithium right now. Sounds like Argentina is unleashing a ton of lithium at the wrong time.

Argentina is about to unleash a wave of lithium in a global glut

Four new projects will finally begin to churn out lithium in the weeks and months ahead. That will almost double production capacity in Argentina, whose growth potential has long lured the attention of battery makers around the world.

www.batimes.com.ar

Yes some companies are pulling out of projects. This company is getting out of Chile.

Plummetting lithium price leads BASF to drop investment plans in Chile

Chemical giant BASF SE dropped its plans to invest in lithium mining assets in Chile after a recent downward turn in the mineral's price, it was reported. The German company thus canceled all talks with Canada's Wealth Minerals Ltd., which has exploration projects in the South American country...

en.mercopress.com

 

[Opera Fan]

Yes some companies are pulling out of projects. This company is getting out of Chile.

Plummetting lithium price leads BASF to drop investment plans in Chile

Chemical giant BASF SE dropped its plans to invest in lithium mining assets in Chile after a recent downward turn in the mineral's price, it was reported. The German company thus canceled all talks with Canada's Wealth Minerals Ltd., which has exploration projects in the South American country...

en.mercopress.com

Looks like Argentina's timing is off once again.

 

[Billy Goat]

Hopefully the lithium profits really hit hard later this year and 2025.

Argentina betting on lithium and copper projects to overcome recession

With electric battery lithium leading, Argentina mining exports are expected to double to some US$ 10 billion in three years time, according to minister Luis Lucero who anticipated that copper is the other metal that will also have a huge boost given its importance in powering electric vehicles...

en.mercopress.com

 

[oil rush]

Hopefully the lithium profits really hit hard later this year and 2025.

Argentina betting on lithium and copper projects to overcome recession

With electric battery lithium leading, Argentina mining exports are expected to double to some US$ 10 billion in three years time, according to minister Luis Lucero who anticipated that copper is the other metal that will also have a huge boost given its importance in powering electric vehicles...

en.mercopress.com

Argentina will definitely most likely become a dominant player with lithium production. Exports are expected to go from $600 million USD this year to $6 Billion by 2030.

 

[MikeYoung]

Argentina will definitely most likely become a dominant player with lithium production. Exports are expected to go from $600 million USD this year to $6 Billion by 2030.


View attachment 6994

I wonder how much that translates in income for Argentina?