Argentina energy storage super factory

Will China build a lithium battery factory in Argentina?

From pv magazine LatAm Matías Kulfas, the Minister of Productive Development of Argentina, and Gerardo Morales, the governor of the northern Argentinian province of Jujuy, signed a memorandum of understanding last week with China's Ganfeng Lithium to build a lithium battery factory.

When will Argentina's first lithium plant start production?

Argentina's first National Plant for the Technological Development of Lithium Cells and Batteries will start production in September on the premises of the National University of La Plata (UNLP), Y-TEC (a subsidiary of the state-owned oil company YPF) head Roberto Salvarezza announced Thursday.

Will Argentine send lithium batteries to Argentina?

In 2022, the Argentine government announced a plan to send lithium batteries produced at UniLib — a joint venture between state-owned oil company Yacimientos Petrolíferos Fiscales (YPF), the National University of La Plata (UNLP), and the National Scientific and Technical Research Council — to the island.

Does y-TEC sell lithium in Argentina?

In the case of lithium, Y-TEC signed a contract with American company Livent, which extracts the mineral in Catamarca and, for the first time, sold part of its production in Argentina. According to Salvarezza, for industrialization to grow in scale, part of the production ought to be sold on the local market.

How much lithium will Argentina produce in 2023?

The mine is expected to produce 24,000 tons of lithium carbonate per year, equivalent to more than half of Argentina's exports of that mineral in 2023. The project will implement an emerging lithium extraction technique, considered faster and greener, known as direct lithium extraction (DLE).

Will the US guarantee the import of Argentine lithium?

The U.S. has courted the Milei administration to guarantee the import of Argentine lithium. During a visit to Argentina in February, U.S. Secretary of State Antony Blinken said the U.S. saw “an extraordinary investment opportunity” in the country, citing lithium as a key area for U.S. investment.