A Chinese company will invest US$120 million in lithium production in Jujuy, Argentina

Photo: Litio. By: Kanijoman. Source: Flickr.

The Chinese company Tsingshan Mining Development S.A. will invest US$120 million to install a hydrogen chloride and sodium hydroxide manufacturing plant in Jujuy, Argentina, to produce lithium carbonate. Construction work is expected to last 18 months and employ more than 1,000 people for the construction period, and some two thousand skilled workers during its operational stage. Tsingshan Holding Group Co., Ltd. operates in the Mining and Metals sector, mainly in the stainless-steel industry. In Argentina it is working, together with the French multinational Eramet, on the Centenario-Ratones project, where it produces lithium carbonate.

The Governor of Jujuy, Gerardo Morales, stressed the importance of “a company of the size of Tsingshan Mining investing in Argentina” and pledged to make “every effort to encourage them to invest more in the future.鈥 He also highlighted the importance of producing all the necessary inputs for lithium carbonate production and remarked that “Tsingshan Mining is opening the way with the production of hydrochloric acid and caustic soda.鈥 For his part, the president of Tsingshan Mining Development S.A., John Li, expressed his satisfaction for “starting a new chapter of the company’s new energy business in Jujuy” and pointed out that “the objective is to develop the lithium value chain in the region and create more job opportunities, more value, and benefits for the citizens of Argentina.鈥

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P谩gina12. (2023.). Litio: Una Empresa China invertir谩 USD 120 millones en Jujuy: Polo de Desarrollo.