![]() ![]() “Argentina could become the world’s leading producer from brines in less than a decade if the flow of projects is followed and maintained,” David Guerrero Alvarado, a consultant advising Canada’s Alpha Lithium, told Reuters in Salta.Īlpha Lithium is in the investigation stage for a project in the nearby Salar Tolillar, one of many early-stage developments that – while offering promise – need an often long and costly process to be turned into a reality. Alpha Lithium workers scavenge salt at the Tolillar salt flat, in Salta, Argentina on August 13, 2021. ![]() That has seen a flurry of new activity, deals and plans to ramp up production, which could make Argentina a key player in the electric vehicle supply chain in coming years, with demand from carmakers and buyers like China expected to gain pace. Provinces like Salta are building regional mining logistics nodes and access roads, lowering tax rates and rationalizing confusing rules for the sector to attract investment in the “white gold” metal. SALTA, Argentina - In Argentina’s remote northern Salta province, the silence of the desert landscape is broken only by the hum of machinery pumping salt-water brine to extract lithium, a sign of accelerating efforts to ride the global electric vehicle boom.īeneath the South American country’s highland salt flats, reached by winding mountain roads, is buried the world’s third largest reserve of the ultra-light battery metal, which has seen a price spike over the past year on the back of a global push towards greener modes of transport.Īlready the fourth top producer of lithium worldwide, Argentina’s national and local governments are now looking to speed up development, held back for years by red tape, high tax rates, rampant inflation and currency controls. Tesla’s ‘Master of Coin’ exits with $590M fortune after four years as CFOīiden-backed electric vehicle company files for bankruptcy Cadillac takes over Times Square to reveal all-electric Escalade IQĬadillac unveils all-electric Escalade IQ, a $130,000 luxury SUV ![]()
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