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Argentina Eyeing Lithium Superpower Status Amid Battery Boom

  • If all projects go ahead, output would reach 165,000 tons/yr
  • Argentina says CITIC among companies wanting to mine lithium
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Argentina has some good news for Elon Musk’s Tesla Inc., and bad news for lithium producers elsewhere: the country may be about to flood the market with lithium.

After President Mauricio Macri removed currency and capital controls and taxes introduced by his predecessors, about 40 foreign companies began to consider opportunities in Argentina’s mining industry, more than half of those in lithium, according to Mining Secretary Daniel Meilan.