Lithium is no longer a promise of the future and the government is starting to record actual data: exports hit record numbers in the first quarter of 2023 with a 133% year-on-year increase. Lithium exports have broken a new record: they added up to US$91 million in March, so the first quarter had an overall foreign sales total of US$233 million (a 133% increase). Hence, lithium dollars already account for a third of the country’s mining activity (27%), according to data from the Secretariat of Mining. Industrializing lithiumThe Lithium Board, formed by governors, the Executive Branch, and the Economy Ministry, has agreed on a legal framework to promote industrialization. The Economy Ministry views this bill more favorably, which will establish a set of promotion measures and will likely make it to Congress this year.

Source: Bueno Aires Herald April 19, 2023 02:33 UTC