+
Argentina Predicts Lithium and Copper Will Boost Metal Exports to $10 bn
COAL & MINING

Argentina Predicts Lithium and Copper Will Boost Metal Exports to $10 bn

Argentina's mining exports are projected to more than double to approximately $10 billion by 2027, up from around $4 billion this year, according to Mining Secretary Luis Lucero's statements to Reuters. This growth is attributed to the influx of lithium projects coming online and an emerging focus on copper.

In his initial remarks to international media since assuming office in April, Lucero indicated that lithium, a key component for electric batteries, would significantly drive the mining export surge, with several projects expected to commence production later this year.

The South American country is aggressively positioning itself as a major supplier of lithium and copper, which are crucial for the global transition to renewable energy sources for electric vehicles and artificial intelligence.

Efforts to revive copper production and attract major mining companies like BHP, Glencore, Lundin Mining, and First Quantum are expected to further boost exports as a promising pipeline of projects becomes operational in the coming years.

Lucero noted in written responses to Reuters that Argentina has a significant opportunity to become a key player in the international trade of lithium and copper. The secretariat did not accommodate requests for a spoken interview.

Under libertarian President Javier Milei, Argentina's government is pursuing a robust pro-business strategy in mining, aiming to revitalise the economy following years of debt, currency, and inflation issues.

Currently the world’s fourth-largest producer of lithium, Argentina aims to surpass larger producers such as Chile and China. Lucero projected that Argentina could achieve an annual capacity of 200,000 tonne of lithium carbonate equivalent (LCE) by the end of next year or early 2026, exceeding some earlier government estimates.

Argentina's mining exports are projected to more than double to approximately $10 billion by 2027, up from around $4 billion this year, according to Mining Secretary Luis Lucero's statements to Reuters. This growth is attributed to the influx of lithium projects coming online and an emerging focus on copper.In his initial remarks to international media since assuming office in April, Lucero indicated that lithium, a key component for electric batteries, would significantly drive the mining export surge, with several projects expected to commence production later this year.The South American country is aggressively positioning itself as a major supplier of lithium and copper, which are crucial for the global transition to renewable energy sources for electric vehicles and artificial intelligence.Efforts to revive copper production and attract major mining companies like BHP, Glencore, Lundin Mining, and First Quantum are expected to further boost exports as a promising pipeline of projects becomes operational in the coming years.Lucero noted in written responses to Reuters that Argentina has a significant opportunity to become a key player in the international trade of lithium and copper. The secretariat did not accommodate requests for a spoken interview.Under libertarian President Javier Milei, Argentina's government is pursuing a robust pro-business strategy in mining, aiming to revitalise the economy following years of debt, currency, and inflation issues.Currently the world’s fourth-largest producer of lithium, Argentina aims to surpass larger producers such as Chile and China. Lucero projected that Argentina could achieve an annual capacity of 200,000 tonne of lithium carbonate equivalent (LCE) by the end of next year or early 2026, exceeding some earlier government estimates.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?