Of the nine projects that currently have Chinese capital in the country, six are lithium and as they are in the construction stage, they imply a significant increase in production in the medium term, they highlighted from the Ministry of Mining.
A few days before the China Mining Conference and Exhibition 2022, which will take place from September 21 to 23 in Tianjin, organized by the China Mining Association, with an important Argentine participation, these data become relevant.
Will participate in this meeting, the Secretary of Mining, Maria Fernanda Avila through a videoconference exhibition in which he will highlight the country’s mining potential and the investment conditions in the different lithium projects.
Chinese mining investments arrived in the country in 2017 with the acquisition of 50% of the Veladero mine by the Shandong Gold company.
A marked predominance can be observed in lithium exports to China (along with the other Asia-Pacific countries): in 2021, 42.29% of total exports of this commodity went to China, for US$88 millions; On the other hand, in total mining exports, China is in eighth place, with 2.8% of the total.
With the growth prospects for lithium in terms of demand for the energy transition, this sector has great potential to increase the mining surplus, they highlighted from the mining portfolio.
Total exports from Chinese capital projects would reach US$5,952 million, according to Mining.
The investment announcements of Asian capital companies are distributed between the province of San Juan, US$973 million for gold projects; Jujuy, US$20 million in silver, lead, copper and zinc concentrates at the Providencia mine; Salta and Catamarca, US$1,625 million for lithium projects.
Source: Ambito
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