FN Media Group Presents USA News Group News Commentary
VANCOUVER, BC , March 16, 2023 /PRNewswire/ -- USA News Group - Mining exports in 2022 brought in US$3.86 billion to Argentina, marking the highest for the country since 2012. This spike was spurred on by a whopping 234% increase in lithium exports to US$696 million, as Argentina retained its Top 5 status among lithium producers at number four. Several analysts are forecasting that demand isn't about to slow down, while suppliers struggle to keep up. As well, governments around the world are scrambling to secure supplies for their countries and incentivizing a need for a lithium supply chain independent of China. All the while, they're having to compete with China for these strategic new energy minerals. Now there is plenty of attention being paid to South American lithium with plenty of developments underway from developers and producers such as Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), Allkem Limited (TSX:AKE) (OTCPK:OROCF), Alpha Lithium Corporation (NEO:ALLI) (OTCPK:APHLF), Livent Corporation (NYSE:LTHM), and then Sigma Lithium (NASDAQ:SGML) in Brazil.
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