The Economy Ministry led by Sergio Massa views this meeting as a US “nod” to improving trade relations with Argentina. However, subsidies will go to vehicle manufacturing that uses resources from the US, or any country they have free trade agreements with. While Argentina currently has only 2 operational lithium production projects, there are 6 others under construction. The last critical minerals report by the Wilson Center, a top US think tank, projected that in five years Argentina could top Chile in lithium production. After the presentation, Ávila was asked about Argentina’s mining legal framework, tax incentives, and community liaisons.

Source: Bueno Aires Herald May 12, 2023 19:00 UTC