Emirati engineering company United Mining Projects Corporation announced, through its subsidiary Marhen Lithium, a $550-million, four-year investment in Argentina’s northwestern Catamarca province., UMPC said that after two years of negotiations between the Catamarca government and a consortium of foreign companies, an accord to start exploring and developing the Rio Grande Sur lithium brine salar project was signed.
In total, Argentina produces 34,000 tonnes of LCE annually, being the fourth top producer in the world behind Australia, Chile and China. In 2023, exports totalled over $500 million, with a year-on-year growth of 84%.
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