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Author: Admin | 2025-04-28
Spokesperson confirmed. The others are: Posco Holdings Inc.’s Sal de Oro; Zijin Mining Group Co.’s Tres Quebradas; and Ganfeng’s Mariana.While the new capacity won’t all be used straight away, it nevertheless represents a significant overhang in a market in which global production is estimated by Bloomberg Intelligence to total 1.4 million tons this year.Rio Tinto Group is also aiming to have a 3,000-ton starter plant ready by the end of the year at its Salar del Rincon project, according to a presentation delivered by Santiago Cicchetti, Rio Tinto’s external affairs manager in Argentina, at a conference in Buenos Aires this week.The June 26-27 conference was a hive of activity attended by top producers, prospectors, technology providers and provinces that have a big say over if and how natural resources in their territory get unearthed.So far in Argentina, the lithium industry has centered on the provinces of Jujuy, Salta and Catamarca. But La Rioja, just to the south, is now making a push to tempt prospectors, Walter Gomez, president of provincial mining outfit Emse, said in an interview. La Rioja passed a controversial law last year allowing it to rescind mining acreage from any owners it deems to be land speculators uninterested in exploration.The conference took place against the backdrop of much-awaited federal approval for Milei’s sweeping reforms, including a program of tax, currency and customs benefits for industrial investments that will benefit lithium developers.(By Jonathan Gilbert and James Attwood)
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