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Eramet's $800M Lithium Investment A Vote Of Confidence For Argentinian Economic Turnaround
Argentina’s abundant lithium reserves attract substantial foreign investments and are considered a potential economic recovery catalyst.
French mining company Eramine, a subsidiary of Eramet (OTCPK: ERMAF), announced a $800 million investment in Argentina's Salta province as the nation navigates ongoing negotiations with the International Monetary Fund (IMF) and the lithium market looks to regain its footing after a prolonged slump.
Lithium is a key component in batteries for electric vehicles and various electronic devices, making it a valuable resource in the shift toward renewable energy.
Argentina is part of the “Lithium Triangle,” a region encompassing parts of Argentina, Chile, and Bolivia, containing 65% of the world’s lithium reserves.
Eramine’s project in Salta could export around 4,000 tons of lithium ...