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Global demand for lithium, a core element in the electric vehicle (EV) battery market, is growing exponentially. In fact, the global electric vehicle battery market size is expected to reach USD$198.9 billion by 2030. Within this evolving context, Argentina is expected to supply 16% of the world’s lithium supply by 2030, up significantly from 6% in 2021.
Argentina's lithium is found within the Lithium Triangle, a region formed with parts of Bolivia and Chile, which hosts more than half of the world’s lithium reserves1. Argentina’s supply growth potential comes from continued exploration at multiple salars that have high concentrations of lithium in brine. Large mining firms including Rio Tinto have already found success in the region2, which is poised to contribute to meeting rising demand.
It's here that a junior mineral exploration company is focused on acquiring high-quality lithium projects and advancing them through focused exploration programs. The company is fully funded for their current exploration activities in the region, leveraging an impressive investment of US$90 million (in ARS$ peso equivalent) by Stellantis N.V. in 2023. This team is also strategically positioned as a member of the Grosso Group, a resource management team that has been instrumental in developing Argentina’s mineral exploration industry.
1 Electric Vehicle Battery Market To Reach $198.9Bn By 2030
2 Argentina's lithium incentives push industry prospects above neighbors | S&P Global Market Intelligence
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