International
Argentina’s lithium pipeline promises “white gold” boom as Chile tightens control
April 24 |
In Argentina’s mountainous north, a robust portfolio of lithium projects about to come online looks set to unlock a production wave that could triple its output of the key metal for electric vehicle batteries in the next two years.
The world’s fourth-largest producer of the silvery-white metal sits within the so-called “lithium triangle” and has been attracting investment from Canadian mining companies to ones from China with a regional and market-driven model, even as a wave of resource nationalism has swept through the region.
Neighboring Chile, the region’s top lithium producer, last week unveiled plans for a state-led public-private model, spooking investors. Bolivia has long maintained tight control over its huge but largely untapped resources, while Mexico nationalized its lithium deposits last year.
In Argentina, although state energy company YPF YPFD.BA began exploring for lithium last year, the sector has been driven largely by private enterprise and periodic approvals of new projects as the government has sought to attract more export dollars through mining, a rare bright spot amid the economic downturn.
“Argentina has been granting concessions to projects for the last 10 years,” said Franco Mignacco, president of the Argentine Mining Business Chamber. “That’s why today we have this level of lithium investment and development and the possibility of growth.”
Mignacco estimated that Argentina’s current production of 40,000 tons of lithium carbonate could triple by 2024-2025 to 120,000 tons, which could take it beyond China and closer to Chile, which currently produces about 180,000 tons per year.
That would be driven by new projects coming online in addition to the two currently in production. The country has six lithium projects under construction and 15 in advanced exploration or feasibility stage, Mignacco said.
Argentina, Bolivia and Chile together sit on half of the world’s mineral resources beneath otherworldly salt flats in the high-altitude Andean plains.
But strategies for developing it diverge.
“Argentina’s lithium sector has thrived through a decentralized pro-market strategy,” said Benjamin Gedan, director of the Latin America program at The Wilson Center, adding that, in contrast, Bolivia’s lithium sector “has repeatedly stagnated as a result of excessive state control.”
Chile, he said, may have found a “smart middle ground” with its public-private model, which would hand majority control of all new lithium projects to the state in a nationalist shift, but would still give private enterprise a key role.
The wave of resource nationalism has sparked some talk among officials of a possible OPEC-style lithium cartel in the region, although analysts see this as unrealistic given the industry’s diverse models and levels of development.
Meanwhile, Argentina faces challenges including economic turbulence with high inflation and capital controls complicating business, while the country heads into general elections in October, creating political uncertainty.
However, its lithium pipeline may keep the sector buzzing and even gain ground on rivals. Overtaking neighboring Chile would be highly unlikely, but some analysts were aiming high.
“Chile today produces and exports much more lithium than Argentina,” said Natacha Izquierdo, an analyst at consultancy ABCEB. “But if the projects we have here today come to fruition, Argentina could overtake us.”
International
Austrian man arrested in Croatia with deceased woman as passenger in his car
A 65-year-old Austrian citizen was arrested at a border checkpoint in Croatia after attempting to enter the country in his car with a deceased woman sitting as a passenger, police announced on Tuesday.
The man was detained in a routine check in late November in Gunja, a border area separating Bosnia from Croatia, the police told AFP. Suspicious because they saw “no consciousness or movement” from the passenger, Croatian officers called a doctor, who confirmed the death of the 83-year-old woman, also Austrian, according to her identification.
The woman’s relationship to the suspect is unknown. She had died in Bosnia, and the man intended to repatriate her body to Austria to “avoid the formalities related to transporting a corpse,” according to the police. Croatian media reported that the man was her legal guardian.
Once her death was confirmed, a funeral service took charge of the body.
International
Colombian nationals arrested for human trafficking and disappearance of migrant boat
Colombian authorities arrested two nationals accused of the illegal trafficking of migrants to the United States and of endangering lives due to the disappearance of a boat with 40 people aboard, U.S. Department of Justice officials reported on Tuesday.
Hernando Manuel de la Cruz Rivera Orjuela, 52, and Luis Enrique Linero Pinto, 40, both Colombian citizens, were arrested on December 13 in Colombia at the request of the United States for their alleged involvement in a “transnational human trafficking operation,” the department said in a statement.
According to the charges, the detainees were transporting migrants to San Andrés Island in the Caribbean, where they would then be taken by boat to Nicaragua. The goal was to reach the United States through Central America and Mexico.
The accused are said to have advised the migrants on how to reach San Andrés Island, where they personally received them, arranged accommodations, and “took them to the boats that transported them to Nicaragua so they could enter the United States illegally,” the statement reads.
“These defendants put several migrants on the boat that disappeared off the coast of Nicaragua in 2023,” said Deputy Attorney General Nicole M. Argentieri, head of the U.S. Department of Justice’s Criminal Division, as cited in the statement.
Both men are “directly and personally responsible for the illicit trafficking of migrants on that vessel,” according to the indictment dated October 23.
International
Homemade landmine explosion in Michoacán kills two soldiers, injures five
Two soldiers were killed and five others were injured by the explosion of homemade landmines planted by a criminal group in a mountainous area of the Mexican state of Michoacán (west), the Secretary of Defense reported on Tuesday.
The attack occurred on Monday morning in the municipality of Cotija, a border area between Michoacán and the state of Jalisco, when the military was conducting a reconnaissance mission after receiving information about an armed camp in the area, explained Secretary General Ricardo Trevilla.
“At that moment, an improvised explosive device detonated. Unfortunately, two soldiers lost their lives, and five others were injured,” the military leader detailed. The affected soldiers were airlifted to hospitals in the region by a military helicopter, while the rest of the team continued with the reconnaissance of the area.
Trevilla stated that before the explosion, the military unit had located the dismembered bodies of three people, and upon continuing the mission, they confirmed the camp was abandoned.
Asked about the individuals responsible for placing the explosives, the general suggested they could be criminals linked to the local group Cárteles Unidos, which operates in Michoacán and uses these tactics in their territorial dispute with the Jalisco New Generation Cartel, one of the most powerful criminal organizations in the country.
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