The president of the Chinese company, Jian Rong Huangreported that his company has plans to invest US$ 700 million in the Salta project “Salt of Devils”from which an annual production of 50,000 tons of lithium carbonate suitable for batteries is expected from next year.
Likewise, the firm will put another US$ 1,500 million to build a plant in which it could produce between 50,000 and 100,000 tons of the same mineral per year in the “Arizaro Salt Flat” by 2024, also in jump.
In Chinathe price of lithium carbonate rose to almost $78,000 per tonne last week, an all-time high and an increase of around 130% on the year.
If these prices were taken as a reference, the planned investments in Argentina for Tibetan Summit they suppose currencies for around US$ 8,000 million in the short term.
the management of Alberto Fernandez fires the investments that use the lithium as a raw material and, in fact, there are several projects under way to exploit this mineral, mainly intended for batteries cellphonesamong other devices.
The Government waits for next year and above all for 2024 -post elections and assumption of the new PEN- a strong growth in the extraction of this coveted mineral, although the type of state company in these exploitations faced by multinationals was not specified, and the consequent benefit for the National accounts.
Tibetan Summitfor its part, announced that it hopes to generate “10,000 jobs” in the areas where the work is carried out.
On this, he indicated that the technology to be used is “membrane absorption”, which allows an extraction 80% higher than the traditional one, in a minimum time and with greater care for the environment.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
