The president of the lithium mining EXAR, Simon Perez Alsinacelebrated the production milestone of 25,000 tons reached at the end of 2024 and anticipated that in 2025 they will seek more operational efficiency and make new investments.
EXAR achieved its annual lithium carbonate production target, after exceeding the 25,000 tons on December 27 at 4:15 p.m. This record positioned the company as the main reference in the sector in the country.
The Argentine company is made up of shareholders of the Chinese company Ganfeng Lithium, the canadian Lithium Argentina and the local Jujuy Energy and Mining State Society (JEMSE). In that province the conglomerate is dedicated to the development and production of lithium carbonate in the Cauchari-Olaroz Salt Flatswhere the “Cauchari-Olaroz Plant”.
“We are very happy to have achieved the annual production objectives and by 2025 we will continue to focus on operational efficiency, the sustainability of our operations and on continuing to invest in the country,” held the new president of EXAR, assumed in December to replace Franco Mignacowho led the company for 15 years.
EXAR has the installed capacity to become the largest producer of lithium carbonate from Argentina. This year it put its production plant into operation, after an investment of almost US$1,000 million. In 2024 it reached the goal of 25,000 tons of lithium carbonatebut the objective is to achieve a capacity of 40,000 tons per year of battery quality lithium.
“The lithium industry has faced a challenging environment, with a notable downward trend in prices in recent years, which we are optimistic about its growth.”added the owner, who now runs a mining company that generates more than 2,100 jobs, between direct and indirect workers.
“The market continues to evolve, and our priority is to adapt to these conditions to ensure responsible growth”Pérez Alsina remarked.
Lithium EXAR Jujuy Olaroz loading plant
Carlos Zapataplant operations manager, assured that “Reaching this record just a year and a half after entering the production stage represents great pride for all of us who are part of EXAR.”
“This achievement further consolidates our leadership in the lithium industry in Argentina, and highlights our ability to innovate and optimize processes,” complete.
The initial stage of exploration and prospecting in the Cauchari Olaroz Salt Flats began in 2009, a period during which numerous pre-feasibility, feasibility and environmental impact studies were carried out.
Once the operating permits were obtained, construction of the EXAR plant began, which required an investment of 979 million dollars. At its peak, this process employed more than 3,300 people directly.
Lithium EXAR Jujuy Olaroz loading plant
Currently, the project has more than 2,100 direct and indirect collaborators, of which more than 60% reside in Jujuy, and 30% do so in surrounding communities, thus becoming a fundamental engine for regional development.
On June 9, 2023, EXAR began production, after having started construction work in 2018. Today, it already exports Argentine lithium to the world.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
