Lithium Argentina's Cauchari-Olaroz aims to triple production by 2029
BUENOS AIRES - Lithium Argentina's Cauchari-Olaroz project in northern Argentina is aiming to produce 85 000 metric tons of the battery metal annually by around 2029, more than triple last year's output, said executive vice president Ignacio Celorrio.
The site is one of six lithium projects operating in Argentina, the world's fourth-largest exporter of the metal used in electric car batteries.
Cauchari-Olaroz, in the so-called Lithium Triangle that spans Argentina, Chile and Bolivia, is being developed by Lithium Argentina, listed in Canada and the US, along with China's Ganfeng Lithium.
In 2024, the project produced about 25 000 tons of battery-grade lithium carbonate, and in 2025 it is expected to reach between 30 000 and 35 000 tons, Celorrio said on the sidelines of a lithium conference on Tuesday in Buenos Aires.
Currently, 80% of the project's production is exported to China and the remainder goes to Thailand, according to off-take agreements with Ganfeng and Bangchak, a Thai bank that provided financing.
In August, Lithium Argentina and Ganfeng announced a new joint venture called Pozuelos-Pastos Grandes to consolidate three projects in the Salta province - Pastos Grandes, Sal de la Puna and Pozuelos - which will have the capacity to produce 150 000 tons of lithium annually. Lithium Argentina is working on a feasibility study and hopes to begin construction in 2026.
Both Cauchari-Olaroz and Pozuelos-Pastos Grandes will apply to Argentina's Large Investment Incentive Regime (RIGI) by the end of the year, Celorrio said. This regime provides tax benefits and other advantages for investments exceeding $200-million, and the government hopes that it attracts much-needed foreign currency.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
