Argentina's Mining Exports Set to Soar to $10 Billion by 2027, Driven by Lithium and Copper Projects

Published: Aug 29, 2024 12:59

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According to SMM, Argentina's Mining Minister Luis Lucero stated that due to the imminent launch of numerous lithium projects and the new impetus for copper projects, Argentina's mining exports will more than double from approximately USD 4 billion this year to approximately USD 10 billion by 2027. Lucero, commenting to international media for the first time since taking office in April this year, noted that lithium, a metal for electric batteries, will be a crucial driving force behind the mining export boom, with a series of projects scheduled to commence production later this year. This South American country is actively striving to become a key supplier of lithium and copper, both metals that are vital to the global development of renewable energy, electric vehicles, and artificial intelligence. Efforts to revive copper production have attracted major companies such as BHP Billiton, Glencore, Lundin Mining, and First Quantum Minerals, which will also boost exports when promising projects come online in the coming years.

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