 |
Louisiana Light • 2 days | 71.81 | +1.53 | +2.18% | ||
|
Bonny Light • 25 days | 78.62 | -2.30 | -2.84% | ||
|
Opec Basket • 2 days | 72.42 | +1.58 | +2.23% | ||
|
Mars US • 315 days | 75.54 | -1.36 | -1.77% | ||
|
Gasoline • 7 hours | 1.930 | +0.003 | +0.17% |
|
Bonny Light • 25 days | 78.62 | -2.30 | -2.84% | ||
|
Girassol • 25 days | 79.56 | -1.80 | -2.21% | ||
|
Opec Basket • 2 days | 72.42 | +1.58 | +2.23% |
|
Peace Sour • 22 hours | 64.72 | +1.66 | +2.63% | ||
|
Light Sour Blend • 22 hours | 65.97 | +1.66 | +2.58% | ||
|
Syncrude Sweet Premium • 22 hours | 70.22 | +1.66 | +2.42% | ||
|
Central Alberta • 22 hours | 65.97 | +1.66 | +2.58% |
|
Eagle Ford • 2 days | 65.50 | +1.75 | +2.75% | ||
|
Oklahoma Sweet • 2 days | 65.50 | +1.75 | +2.75% | ||
|
Kansas Common • 2 days | 59.25 | +1.75 | +3.04% | ||
|
Buena Vista • 2 days | 75.72 | +1.41 | +1.90% |
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Argentina Plans to More Than Double Lithium Revenues by 2027
Argentina plans to double its mining exports from $4 billion to $10 billion as soon as 2027 on the back of new lithium projects set to come online soon, combined with a renewed effort to expand copper output and exports, Reuters reported on Wednesday, citing the Argentine Ministry of Mining.
Newly installed Mining Secretary Luis Lucero told Reuters on Wednesday that Argentina is preparing to become a key lithium and copper supplier for the world, with electric vehicle demand poised to put the country at the top of the mining beneficiaries list.
For lithium, the country–now governed by free-market libertarian President Javier Milei–Argentina is currently the world’s fourth-largest producer, after Chile and China, but hopes that a lineup of new projects will project it to the top spot.
"Argentina has an important window of opportunity with lithium and copper to be a supplier in the international trade of these metals," Lucero said in written responses to Reuters.
Lucero told Reuters that Argentina is gunning for an annual output of 200,000 tons of lithium carbonate equivalent either by late 2025 or early 2026, ramping up to 250,000 tons annually beyond that and turning lithium into its biggest mineral export.
Questions have remained about global lithium demand, particularly amid a ramp-up of production in China that has created large stockpiles. Analysts continue to caution that technology may not be developing as rapidly as lithium stockpiles, and new battery technology may end up overriding lithium as a key element.
These words of caution, however, have not stopped Big Oil from dipping its toes in lithium, with ExxonMobil last month signing a preliminary deal to provide lithium to South Korea’s SK On battery manufacturer, shortly after it started drilling for lithium in Arkansas.
By Tom Kool for Oilprice.com
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Tom Kool
Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com's Head of Operations
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