Argentina produces 40.000 tons of lithium per year, but this number can shortly increase with the investment USD 1500 million in the sector.
In the last years, international prices of lithium soared.
The north of Argentina could soon become one of the biggest producers of this mineral which is regarded as the mineral of the future.
Nowadays, there are two developing ventures in which 40.000 tons are extracted per year. One of them is Son Olaroz in Jujuy, and the other one is Salar del Hombre Muerto, in Catamarca. They altogether represent 16% of the total amount of lithium in the world.
But Argentina could reach 130.00 tons per year as the new developing projects in Salta Catamarca and Jujuy provinces move ahead.
While the global demand increases, south American countries show an attractive potential, with low costs and huge resources available. Argentina together with Bolivia and Chile compose the Lithium triangle, the fourth biggest Lithium reserve.
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