Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
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)
Comments