Argentina and the Lithium Triangle

Argentina possesses substantial lithium resources, mainly concentrated in the northwest region and thus plays a crucial role in the global lithium market.  The region’s vast reserves contribute significantly to the lithium supply chain, supporting the growing demand for lithium.

The lithium occurrences lie in the so-called ‘Lithium-Triangle’, which holds almost 2/3 of world’s lithium reserves containing high-grade brine deposits.

Currently China is one of the largest producers of lithium with a share of almost a third of global production (Bloomberg). Nevertheless, Argentina is expected to become the second-largest Li exporter by 2031, and LMC aims to become an important player in the area. The ambition to operate sustainably makes the big difference: LMC has set itself the goal of mining lithium sustainably.

Antofagasta de la Sierra

Located at an altitude of 3233 m

The capital of the Antofagasta district provides critical infrastructure for the Lithium project with good roads, new airport and transmission lines.

Accessed by the fully paved provincial route 43

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El Peñon​

600 inhabitants

Located 40 km south of Antofagasta de la Sierra.

Basic infrastructure including a Domestic water system and electricity (diesel and solar generated) generated 220 volt power.

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Note: May include territories, special administrative regions, provinces and autonomous regions. f = Fitch Solutions forecast. Source: Fitch Solutions

LMC on the road….

Conducting a geophysics and drilling program in the Argentinian winter is never easy!!!
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