Who is Argentina Lithium & Energy Corp?

Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina and advancing them towards production in order to meet the growing global demand from the battery sector.

Where will lithium batteries be made in Buenos Aires?

State company Y-TEC, the tech arm of YPF, will open the first lithium battery cell factory in September, in La Plata, the capital of Buenos Aires province. Another plant, five times bigger, will kick off in Santiago del Estero in 2024.

How many people can a lithium battery power Buenos Aires?

The plant will generate 15 megawatts per year, which means it will produce lithium batteries capable of powering 2500 households. The batteries are envisaged for use in rural areas. For example, there is already a Buenos Aires province-backed project to supply the Paulino-Berisso island, home to 70 families who are currently off the power grid.

Does y-TEC sell lithium in Argentina?

In the case of lithium, Y-TEC signed a contract with American company Livent, which extracts the mineral in Catamarca and, for the first time, sold part of its production in Argentina. According to Salvarezza, for industrialization to grow in scale, part of the production ought to be sold on the local market.

What are Argentina lithium's priorities?

Argentina Lithium’s priorities will continue to be to scout for properties which have the potential to house an economic lithium deposit. Advancing the Company’s existing properties with known geologic potential through the Five Step Development Pipeline to PEA/PFS level discoveries.

Where will lithium batteries be made?

The lithium batteries’ cell manufacturing plant in Berisso, La Plata, will open in September, an event top government officials are expected to attend. The plant will generate 15 megawatts per year, which means it will produce lithium batteries capable of powering 2500 households. The batteries are envisaged for use in rural areas.