A Chinese company will invest US$120 million in lithium production in Jujuy, Argentina
The Chinese company Tsingshan Mining Development S.A. will invest US$120 million to install a hydrogen chloride and sodium hydroxide manufacturing plant in Jujuy, Argentina, to produce lithium carbonate. Construction work is expected to last 18 months and employ more than 1,000 people for the construction period, and some two thousand skilled workers during its operational stage. Tsingshan Holding Group Co., Ltd. operates in the Mining and Metals sector, mainly in the stainless-steel industry.
Huawei in Argentina sanctioned by customs due to undeclared import of software
Huawei’s Argentine subsidiary is being fined by the Argentine Customs for not declaring the import of software, which resulted in unpaid taxes amounting to US$ 28 million and a fine of US$ 2 million. Argentine Customs argued that the Chinese company could not have imported equipment without purchasing the software and without paying the license fees to the parent company in China.
Economic and technological ties between China and Argentina: a review of their “strategic cooperation”
A U.S. non-governmental organization has published a report on the cooperation between Argentina and China in aerospace development. The report, entitled “The Chinese Communist Party in Argentina: The International Engagement of China’s Space Industry,” explains the hierarchical responsibility that the Communist Party and the People’s Liberation Army have in defining China’s internal economic rules and global strategic plans in projects such as those in Neuquén and San Juan.
Competition between provinces to host a Chinese electric vehicle plant
The company has announced that it will produce 20 vehicle models, including electric (BEV), hybrid (HEV), and internal combustion (IEC). It also stated that Argentina will be the production center for electric cars in the region, with a two-stage investment over a 7-year period.