Emerging Lithium Supplier Argentina Says It’s Close to US Deal Under IRA
- Argentine officials say they’re nearing an IRA exemption
- Country’s push comes amid global tug of war for EV minerals
The Tres Quebradas salt flat at Liex's 3Q lithium mine project near Fiambala, Catamarca province, Argentina, on Sunday, Dec. 5, 2021.
Photographer: Anita Pouchard Serra/BloombergThis article is for subscribers only.
The world’s fastest-growing lithium producer says it could soon gain access to the US market.
Argentina has been lobbying to get in on President Joe Biden’s electric-vehicle drive. Landmark climate legislation, called the Inflation Reduction Act, features tax credits for vehicles that have a portion of their battery metals sourced in the US or a free-trade-agreement country. Australia and Chile, the top two lithium suppliers, have FTAs with the US. Argentina doesn’t.