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Will Argentina start a lithium battery factory in Latin America?

(Image: Mariano Garcia / Alamy) Argentina will start operations at the first lithium battery cell factory in Latin America before the end of the year. The country aims to boost its position in the region’s electric transport and energy storage markets, and go beyond simply producing the lithium that is critical to their growth.

Could a new lithium plant add value to Argentina's lithium industry?

A worker at a lithium plant in the Salinas Grandes salt flat in northern Argentina. The country’s lithium production is rising, and a new battery plant will be one of the first facilities to process the metal domestically, with hopes of adding value to its industry. (Image: Mariano Garcia / Alamy)

How much lithium does Argentina have?

Given the magnitude of Argentina’s resources, this position could escalate rapidly: the country is estimated to be home to nearly 25% of the world’s lithium resources, placing it second in the world after Bolivia.

Is China investing in lithium in Argentina?

According to data from Argentina’s economy ministry, 42% of the country’s lithium production in 2022 was exported to China, the world leader in electric vehicle manufacturing, which creates huge demand for the metal. In turn, China has so far played a significant role as an investor in lithium projects in Argentina.