By: Inspenet, November 9, 2022
The Chinese company Tibet Summit Resources Co. Ltd. will invest 2.2 billion dollars in two lithium carbonate production projects in the Argentine province of Salta. The initiative was announced during the China International Import Expo (CIIE), which was held in Shanghai.
Jian Rong Huang, president of Tibet Summit Resources, explained that they will invest a total of 700 million dollars in the project called Salar de Diablillos, while another 1,500 million will be allocated to the construction of a plant within the framework of another project, Salar Arizaro. . An annual production capacity of some 50,000 tons of lithium carbonate is expected from the former by 2023, while the latter plans to produce between 50,000 and 100,000 tons by 2024.
“The Argentine government is promoting different sustainable mobility initiatives, which, among other aspects, will grant benefits to those investments that use lithium as a raw material,” said Sabino Vaca Narvaja, Argentine ambassador in Beijing, at a press conference in Shanghai. .
“We have several projects under construction for the production of lithium carbonate in our country, led by Chinese companies. In fact, of the nine mining projects with Chinese capital in our country, six correspond to projects to extract this mineral,” he added.
In addition, commenting on Sino-Argentine economic relations, the ambassador stressed that “unlike what happens with other countries, with China we are totally complementary.” “When you look at our natural and human resources, you realize the potential of our relationships,” he added. Regarding lithium, he stressed that “it will play a fundamental role in the coming years”, for which “some countries of the Atlantic axis” introduced restrictions in this sector. “Our country has a privileged position and we must exploit it to the fullest hand in hand with China,” concluded the Argentine ambassador.
Source : https://actualidad.rt.com/actualidad/447214-china-invest-projects-lithium-argentina
Photo : Argentine Government
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