And it is with the new acquisition package, which includes 100% of the “Laguna Caro” project in Catamarcan territory, that The Chinese firm JinYuan plans to reach a total production of 50,000 tons in Argentina in the next two years, which would be equivalent to exports for a total of US$3.5 billion.
In the official plans, the objective is to process the lithium that is extracted to obtain a better quality ore, whose export value is higher. Diplomatic sources aware of the negotiation detailed that “in Argentina other companies are already industrializing lithium.” On this point they argued: “We must work together with China because it is the only world player that totally dominates the value chain in the sector.”
The advances in the sector do not occur only with China. As Ámbito learned, during the tour of the United States that Sergio Massa will head from September 6, the Minister of the Economy will announce a major investment by a North American company in the country. Disbursements in other sectors such as hydrocarbons, cars and logistics will also be confirmed.
“Investors are increasingly interested in the reserves available in Catamarca, because of their exceptional conditions and, above all, because of the favorable environment for investments offered by the provincial territory,” said Jalil. The governor also highlighted “the existing synergies between the provincial government and the national government in terms of mining policy that facilitate the arrival of investments in this area.”
On this last point, as this medium advanced, the Government plans to announce a new exchange scheme to promote mining activity, which was positioned as the third largest exporter complex in the country. In that sense, the regime would include a percentage of access to foreign currency according to the level of foreign sales of each firm. The benefit would also be linked to the development of value chains in Argentine territory and the addition of value at origin, two points that Vaca Narvaja and Jalil considered in this latest agreement.
Source: Ambito
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