Lithium prices have soared past $70,000 per tonne this year as the major automakers scramble to secure more supply lithium
Extracting lithium involves pumping underground water deposits to the surface and then extracting the metal from evaporation pools.
Lithium prices have soared past $70,000 per tonne this year as the major automakers scramble to secure more supply of the ultra-light metal to shift production from fossil fuel-burning engines to electric-powered vehicles.YPF lithium units, YPF Litio and Y-TEC, announced in a statement on Monday the start of work on a 20,000-hectare area lithium prospecting project in Fiambala in western Catamarca province, a partnership with local mining firm Catamarca Minera y Energetica.
Argentina’s is the world’s fourth biggest producer of the coveted white metal, with around 20 other lithium projects currently under development, according to Roberto Salvarezza, chairman of the boards of both YPF units, stressing that those are run by foreign or private miners.
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