Argentina's mining exports will reach around $4.5-billion in 2023, up from the 2022 total amid strong prices and the launch of a new lithium mine, the president of the sector's main business chamber told Reuters late Thursday. Roberto Cacciola, who has just taken over as president of the Argentine Chamber of Mining Entrepreneurs (CAEM), said in an interview 'the final number of exports will be closer to $4.4-billion or $4.5-billion in 2023.'
BUENOS AIRES - Argentina's mining exports will reach around $4.5-billion in 2023, up from the 2022 total amid strong prices and the launch of a new lithium mine, the president of the sector's main business chamber told Reuters late Thursday.
Roberto Cacciola, who has just taken over as president of the Argentine Chamber of Mining Entrepreneurs , said in an interview "the final number of exports will be closer to $4.4-billion or $4.5-billion in 2023."Cacciola said the increase was largely due to the launch of the country's third lithium project, located in the northern province of Jujuy and co-owned by China's Gangfeng and the Canadian Lithium Americas.
Cacciola said none of the leading candidates had yet shared "concrete proposals" about tapping into Argentina's mining potential, though all see it as a key growth vehicle. He warned that while Argentina has the advantage of being a relatively new mining powerhouse, it could be hampered by a lack of legal and fiscal security.
Aside from lithium, Argentina also has ambitions to restart copper production, which ceased in 2018. Multiple planned project could generate 793,000 metric tons of the red metal by the end of the decade, according to government estimates.
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