Vale Q2 iron ore output up 2.4% from a year earlier
The company reported output of 80.6 million metric tons for the steel-making ingredient in the three-month period ended in June.
Argentina’s growing lithium industry hit a record high with exports rising to $60m in May, up 17% from the same month a year ago, according to the country’s mining authority.
Lithium represented 19% of mining exports during May, Argentina’s mining secretariat said Saturday in a press release.
Argentina has become the world’s fastest-growing lithium producer. It has three active lithium mines and 38 under development. Argentina’s push into the industry comes amid a global tug of war for key EV minerals between the US and China.
Between January and May, lithium exports rose to $369m, up 84% from last year’s same period and also a record for those five months, according to the mining secretariat.
By February, Argentina’s lithium industry employed 3,788 people, up 59% from a year before by adding 1,406 posts, the Argentina secretariat said.
(By Andreina Itriago Acosta)
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