Lithium Argentina Plans to Boost Production in 2025

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Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Lithium Argentina Corporation (NYSE:LAAC) (Vancouver, Canada) said last week the Cauchari-Olaroz mine in the Jujuy province of Argentina produced 25,400 tons of lithium carbonate in 2024.

The mine was inaugurated in June 2023 and is part of the growing lithium operations in the Argentina.

For 2025, Lithium Argentina has set production guidance between 30,000 and 35,000 tons.

"As we look ahead to 2025, our focus will shift towards improving the stability and consistency of our operations and further optimizing our cost profile. We look forward to developing our future growth plans this year and are excited to continue playing a key role in Argentina's transformation as a global leader in the lithium industry," said Lithium Argentina President and Chief Executive Officer Sam Pigott in a press release.

Phase 1 of the Cauchari-Olaroz project has a production capacity of 40,000 tons of lithium carbonate equivalent (LCE) per year and lithium reserves to support the operations for more than 40 years. Phase II of the project would increase the capacity by 20,000 tons per year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project and Plant databases can click here for the project report and here for the plant profile.

The lithium mine is owned by a consortium composed of Ganfeng Lithium Group Company Ltd. (Xinyu, China) with a 46.7% share, followed by Lithium Argentina and Jujuy Energia y Mineria Sociedad del Estado (Jujuy) with 44.8% and 8.5%, respectively.

Argentina is part of the lithium triangle, which holds the world's largest reserves of the metal. Although the lithium market has depreciated due to new supply coming online and a slowdown in the sale of electric vehicles, Argentina remains an attractive location for lithium extraction.

Industrial Info is tracking 59 lithium brine projects in Argentina, worth US$16.66 billion. Subscribers can click here for the project reports. Industrial Info also tracks 10 operational lithium brine operations in the country; click here for the plant profiles.

This portfolio could attract billions in investment, spurred on by Argentina's new Incentive Regime for Large Investment (RIGI), which promotes the development of major projects in Argentina in exchange for long-term fiscal and legal stability.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).