How much is the price of lithium energy storage power supply in Argentina

Why is Argentina a good place to invest in lithium-ion batteries?

This region holds the key to meeting the surging demand for lithium-ion batteries that power EVs and store renewable energy. Argentina, with its vast salt flats, is particularly well-positioned to capitalise on this demand. This region’s extensive salt flats are the result of ancient lakes that have evaporated over millions of years.

How many companies are involved in a lithium project in Argentina?

These are some of the findings from a report prepared by the consulting firm Aleph Energy, led by Daniel Dreizzen, which analyzes the global lithium market while delving into Argentina in greater detail. These are the 41 companies of various characteristics that participate in the country’s 64 projects.

What is the future of lithium production in Argentina?

Projections for lithium production in Argentina are highly encouraging compared to other countries that supply the mineral globally. According to the consulting firm CRU Group, until 2027, lithium production is expected to grow 8% annually in Chile and 16% in Australia, while the average annual increase in Argentina aspires to be 50%.

How severe is the lithium crisis in Argentina?

Reuters interviews with nearly a dozen executives, officials and analysts show how severe the situation is in Argentina, and how that is likely to reduce lithium output in the years ahead. Firms have cut staff, slashed spending and halted exploration projects, and the plunging value of lithium assets has left some firms vulnerable to takeover.

Is Arcadium lithium still produced in Argentina?

Arcadium Lithium, the firm that resulted from the merger between Livent and Allkem, two of the three companies that were already producing lithium in Argentina, accounts for 13% of global production. Output has quadrupled in the last ten years, but is still attributable to only a few countries and projects. Another Argentine Unicorn on the Horizon?

Will Argentina become a linchpin in the lithium supply chain?

This geological marvel, spanning Argentina, Bolivia and Chile, holds over half of the world's known lithium reserves, with Argentina poised to become a linchpin in the global lithium supply chain.