Eramet to invest $350M in Argentina lithium expansion

Eramet, the French investment company, plans to invest approximately $350 million to expand lithium production used in batteries in Argentina. The goal is to increase the annual production capacity from 24,000 tons to around 36,000 tons, representing a 50% increase. The expansion will take place at the "Centenario" plant in the "Lithium Triangle" region, which began production in late 2024 and aims to reach full capacity by the end of 2026. These plans come as part of the Argentine government's support for investments in the mining sector, with a focus on improving extraction rates and reducing costs. Global demand for lithium is expected to quadruple to sixfold by 2030, underscoring the significance of this project.

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