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For all the money that’s poured into Argentina’s giant lithium deposits, the country has seen just one new mine come on stream in almost a decade. That’s about to change.
Yet for global lithium markets, the extra production comes at a time when buyers are already well supplied, with inventories piling up amid the gloomy outlook for electric vehicle demand. Spot prices of lithium carbonate in China have slid to the lowest since August 2021. The first of the new projects will be Eramet SA and Tsingshan Holding Group Co.’s Centenario Ratones, which is scheduled to hold an inauguration event next week, a Mining Department spokesperson confirmed. The others are: Posco Holdings Inc.’s Sal de Oro; Zijin Mining Group Co.’s Tres Quebradas; and Ganfeng’s Mariana.
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.
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