French mining group Eramet and China’s Tsingshan on Wednesday inaugurated a lithium manufacturing plant in Argentina to produce the booming electrical automotive trade.
The location within the northwestern province of Salta represents an funding of $870 million {dollars}, Eramet stated.
The plant will not be a standard mine nor one of many environmentally damaging salt flats from which the steel utilized in electrical batteries is often extracted in South America’s so-called lithium triangle of Argentina, Bolivia and Chile.
As an alternative, it makes use of an revolutionary “direct extraction” methodology, in line with Eramet.
The plant is anticipated to supply as much as 24,000 tons of battery-grade lithium carbonate per 12 months at full capability, Eramet CEO Christel Bories instructed AFP—sufficient for 600,000 electrical car batteries.
In 2021, when Eramet introduced it was reviving the undertaking with Tsingshan, delayed by the coronavirus pandemic, Bories stated the plant was anticipated to fulfill 15 p.c of Europe’s lithium wants.
Manufacturing is deliberate to begin in November with 350 staff.
Argentina is the fourth-biggest producer of the so-called “white gold”, after Australia, Chile and China.
© 2024 AFP
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