The Argentine Chamber of Mining Entrepreneurs (CAEM) criticized on Friday the reference value for lithium exports set by the Government, considering that it could affect the activity.
The entity’s concern was made known after Argentinaone of the countries with the greatest potential producer in the world, decided at the beginning of the week to establish a reference price of 53 dollars per kilo for lithium carbonate exports to some countries.
Among some of the ten nations reached by the resolution are the United States, China, Japan, Canada and Thailand.
“We must insist that it is essential for the country to be able to maintain a stable framework of clear rules and legal certainty that allows the planning of investments of a productive nature,” CAEM said in its statement.
“The news of the creation of this new rule generates a negative impact on companies with investments in Argentina and on the development of other projects in the pipeline,” he added.
Argentina is part of the so-called “lithium triangle” along with its neighbors Chile and Bolivia, where the largest amount of the metal is concentrated worldwide. With large portfolio investments, there are few projects in the South American country with lithium production.
“Changes in conditions harm long-term planning that requires this type of investment,” CAEM stressed.
