Panama’s President blames previous gov’t for First Quantum mine crisis
The Cobre Panama mine paid the price for the accumulated national discontent, said President José Raúl Mulino.
The race to unearth metals needed for the clean-energy transition has become so intense that even Argentina — a country where in the recent past companies had been more likely to head for the exit — drew record foreign investment last year.
Flows into Argentina grew 123%, with the lithium and copper industries contributing billions of dollars. In South America, only Uruguay and Paraguay saw bigger investment increases.
Despite tight capital controls, protectionism and political volatility — driving locals scarred by past crises to pull cash out — the voracious global appetite for lithium means miners and battery makers aren’t deterred.
(By Jonathan Gilbert)
Read More: Argentina mining exploration hits decade high in 2022
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