Resumen de Argentina anticipates boom in lithium investment
Businesses from Japan, France, South Korea, China and Australia are set to compete in what has become popularly described as "la guerra del litio", or "lithium war", after sharp growth in demand for lithium in battery applications gained worldwide attention.
"We see a very good predisposition of the [Mauricio Macri] government and huge interest in Argentina from South Korean companies," said the South Korean ambassador to Argentina, Choo Jong-youn.
"We're seeing a lot of activity in the market at the moment, although it's not as much as you might expect," one local operator told IM. The source added that the election of Macri, coupled with the economics of the lithium market, which they described as being "if not in shortage, certainly very tight", nonetheless made it an attractive investment to foreign business.
