Gold showed a decrease in its shipments of 3.9% year-on-year (US $ 128.7 million), while on the silver side the same trend was observed with a drop of 2.6% (for a value of US $ 128.7 million). $ 72.1 million) compared to the same month of 2020. These drops reflected the “lower export volumes, since international prices, on average for both commodities, remained relatively stable,” the Mining report explained.
Regarding lithium exports (for US $ 17.2 million), the price of battery-grade lithium carbonate rose considerably in the month analyzed, which impacted on a 227% increase in the foreign exchange generated, compared to September 2020. “This took place in a context of high demand for the mineral for restocking, in response to strong optimism in the lithium iron phosphate (LFP) battery market,” the Secretariat’s analysis indicated.
Non-metallic minerals, on the other hand, showed a mixed behavior in exports in September, compared to those of the same month of the previous year. In the case of diatomites, used in fertilizers and insecticides, an interannual increase of 146% was observed in the foreign exchange generated (US $ 1 million in the month). Also bentonite, still in small quantities, experienced a rise (35%), while lime shipments tripled compared to twelve months ago (to US $ 3.3 million). The rebound in exports accumulated during this period had a similar impact on the provinces of origin, the official report highlighted.
The Ministry of Mining noted in this regard the “Relative importance of mining exports over total exports, which shows the central role that mining activity occupies in these provinces.”
Santa Cruz, with shipments of US $ 1,139 million in January-September, leads the ranking of mining exports, which represented 76% of the province’s total sales abroad. In second place is San Juan, with shipments, so far in 2021, for US $ 515 million (71% of its total export). They complete the payroll Jujuy (which exported minerals for US $ 255 million between January and September, with a 69% participation in its total shipments); and Catamarca (US $ 88 million and 85%), concluded the Mining report.
On the other hand, the Government will postpone the presentation of the mining plan for after the legislative elections, and thus avoid creating a controversy in civil society. In any case, the ruling party assures that there are no differences within the economic cabinet and that the decree “is for signature”, so it will be published after November 14.
The Strategic Plan for Argentine Mining Development (Pedma) seeks to complement the energy transition plan published this Monday by the Ministry of Economy. As with the Australian company that will make a historic investment in green hydrogen, the mining plan projects investments of $ 25 billion over the next decade.
Source From: Ambito
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