Production of Lithium in Argentina reached 16.02Thousand Tonnes in 2023
Production grew by a CAGR of 32% between 2020 to 2023,and is expected to grow by...
GlobalData projects the production to grow at a CAGR of...
Impact of COVID-19 on Lithium production in Argentina?
The growing adoption of electric vehicles (EVs) is rapidly increasing demand for lithium. Despite a slowdown in the market, global battery demand rose in 2020, supported by a shift in the design and advancement of battery technology. In the same year, batteries alone accounted for majority of total lithium consumption.
Global lithium metal production is expected to reach a significant position in 2021. Amid declining prices and the COVID-19 pandemic. Output from Australia and Argentina will be significant contributors to overall growth. Output from Chile is also expected to grow. Rising prices, as well as increasing battery demand for EVs, will be the driving factors for growth in lithium production in 2021.
Argentina lithium reserves
Argentina had the world’s third largest lithium reserves of the global total in January 2021. Salar De Olaroz Lithium and Salar del Hombre Muerto mines are the two primary lithium projects in Argentina. The former is one of the largest salt flats in the world and contains the world’s richest brine deposits.
Lithium production
Global lithium metal production, after registering an estimated decline in 2020 amid declining prices and the COVID-19 pandemic, is expected to recover by 2021. Production from Australia, and Argentina will be significant to the overall growth. In addition, output from Chile is also expected to grow.
Global lithium producers
Albemarle Corporation
Albemarle Corp., which is headquartered in the US, is a global developer, manufacturer and marketer of highly engineered specialty chemicals. The company serves a range of end markets, including petroleum refining, consumer electronics, automotive, steel and aerospace, lubricants, pharmaceuticals, crop protection, household appliances, heating, ventilation, aluminum finishing, food safety and custom chemistry services. Albemarle operates in Americas, Europe, the Middle East, Africa, Australia and Asia.
Other notable lithium producers are:
Switzerland
China
Japan
Luxembourg
South Korea
Japan
United Kingdom
Australia
Japan
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer