Chinese lithium projects in Argentina in danger as newly elected president reportedly claims Argentina would not do business with China or will join the BRICS alliance

Published: Nov 23, 2023 09:57 (GMT+8)
Source: SMM
Javier Milei, a prominent figure from Argentina's far-right political spectrum, has triumphed in the presidential campaign.

Javier Milei, a prominent figure from Argentina's far-right political spectrum, has triumphed in the presidential campaign. He has openly stated his stance, "Argentina will not entertain trade with China, nor will it partake in the BRICS alliance." At present, Chinese capital is heavily invested in a multitude of salt lake projects across Argentina, which include Sal de Los Angeles (SDLA), Cauchari-Olaroz, Mariana, Pozuelos Pastos Grandes, and Centenario-Ratones. The aggregated yield of lithium carbonate from these ventures is projected to be approximately 13,000 mt in 2023, with predictions estimating a surge to 29,000 mt in 2024.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[Lithium battery: China exported 3.69 billion lithium-ion batteries in Jan-Aug, up 22.9% YoY]
5 hours ago
[Lithium battery: China exported 3.69 billion lithium-ion batteries in Jan-Aug, up 22.9% YoY]
Read More
[Lithium battery: China exported 3.69 billion lithium-ion batteries in Jan-Aug, up 22.9% YoY]
[Lithium battery: China exported 3.69 billion lithium-ion batteries in Jan-Aug, up 22.9% YoY]
Per MIIT data and customs statistics, China exported 3.69 billion lithium-ion batteries in Jan-Aug 2026, up 22.9% YoY. Value-added output of the electronics manufacturing industry grew 15.7% YoY, with revenue up 20.1% to RMB 12.8 trillion and total profit up 110% to RMB 847.5 billion. The strong battery exports reflect sustained overseas demand for power and energy storage batteries.
5 hours ago
Solid-State Battery Next Decade Series, Part 9 of 9: A Brand-New Track, Not a "Simple Sequel" to Liquid Lithium Batteries [SMM Analysis]
11 hours ago
Solid-State Battery Next Decade Series, Part 9 of 9: A Brand-New Track, Not a "Simple Sequel" to Liquid Lithium Batteries [SMM Analysis]
Read More
Solid-State Battery Next Decade Series, Part 9 of 9: A Brand-New Track, Not a "Simple Sequel" to Liquid Lithium Batteries [SMM Analysis]
Solid-State Battery Next Decade Series, Part 9 of 9: A Brand-New Track, Not a "Simple Sequel" to Liquid Lithium Batteries [SMM Analysis]
[SMM Analysis: Solid-State Battery Next Decade Series, 9 of 9: A Brand-New Track, Not a "Simple Sequel" to Liquid Lithium Batteries] The industrialisation of solid-state batteries is not a "capacity replication + minor technical adjustment" of liquid lithium batteries, but a systematic shift from resource logic, chemical logic, and material logic to patent logic. The most common mistake in understanding solid-state batteries through the framework of liquid lithium batteries is treating "planned capacity" as "effective supply," treating "technical routes" as "settled answers," and treating "first-mover advantage" as "ultimate victory.
11 hours ago
[Weekly Observation] Cobalt industry chain in the doldrums in first week after holiday; cobalt salt prices continue to grind lower; some enterprises remain in reduced or halted production
15 hours ago
[Weekly Observation] Cobalt industry chain in the doldrums in first week after holiday; cobalt salt prices continue to grind lower; some enterprises remain in reduced or halted production
Read More
[Weekly Observation] Cobalt industry chain in the doldrums in first week after holiday; cobalt salt prices continue to grind lower; some enterprises remain in reduced or halted production
[Weekly Observation] Cobalt industry chain in the doldrums in first week after holiday; cobalt salt prices continue to grind lower; some enterprises remain in reduced or halted production
15 hours ago