Chile set to lose ground in global lithium rankings to Argentina
YESTERD AT 21:54
Chile, the second-largest supplier of lithium, expects to lose more market share to Australia and Argentina over the next decade.
Chile, the second-largest supplier of lithium, expects to lose more market share to Australia and Argentina over the next decade, relegating it to third place in the global production rankings.
State-run Cochilco forecasts Chile's output of the key ingredient in electric car batteries will double by 2035 to 336,000 metric tonnes, while Argentina will increase to 415,000 tonnes, according to a report released on Tuesday.
Much of the additional capacity cited in the report will be built later this year at operations run by SQM and Albemarle Corp, raising concerns about the pace of growth in brine projects.
Cochilco's figures only cover expansions by SQM and Albemarle, as well as possible production by Codelco-led companies in the Maricunga salt flat. Future public-private projects under the government's new model for the industry could swell the figures.
More:
https://www.batimes.com.ar/news/economy/chile-set-to-lose-ground-in-global-lithium-rankings-to-argentina.phtml
