About Argentina tool lithium battery price
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6 FAQs about [Argentina tool lithium battery price]
How much does lithium cost in Argentina?
Argentina’s customs office, the Dirección General de Aduanas (DGA), has set a reference price of $53 per kg that will come into effect from Tuesday, June 7 and will apply to local lithium exports to the United States, Canada, China, Taiwan, Hong Kong, South Korea, Japan, Thailand and the Philippines.
Will Argentina export lithium in 2024?
The production of lithium in Argentina broke another export record in 2023, and prospects for 2024 are encouraging.
Why has Argentina set a reference price for lithium carbonate?
Customs authorities in Argentina have set an official reference price for the country’s exports of lithium carbonate, a move that was intended to add transparency to the government’s monitoring of the sector and to the collection of royalties from local exporters.
Why is lithium so popular in Argentina?
Lithium producers have benefited from a global surge in demand for electric vehicles, driving up prices and raising fears of shortages. Argentina currently has the largest portfolio of lithium projects in the world. Its lithium carbonate exports exceeded 27,000 metric tons last year, with around US$185 million.
Why did Argentina break another export record in 2023?
Lithium production in Argentina broke another export record, and the prospects are encouraging. This is due to the expansion of capacity and the expectation of a recovery in carbonate prices. The year 2023 would have ended with an export record for lithium in Argentina.
What is the future of lithium production in Argentina?
Projections for lithium production in Argentina are highly encouraging compared to other countries that supply the mineral globally. According to the consulting firm CRU Group, until 2027, lithium production is expected to grow 8% annually in Chile and 16% in Australia, while the average annual increase in Argentina aspires to be 50%.