News of industry

Argentina seeks its first wheat shipments to China in decades

30-11-2024 09:14 Argentina wheat traders are seeking to close their first significant sales to China since the 1990s, according to the head of the country’s top crop-exporting group.

ECONOMIC INDICATORS

Industry falls off cliff as activity slumps 14% year-on-year

17-07-2024 14:04 Report by UIA Argentine Industrial Union shows a year-to-year collapse of 14% in May.

by Martín Fernández Nadale

MINING & INDUSTRY

Copper frenzy draws mining giants to Argentina after Milei’s reforms

23-05-2024 00:01 Milei government tries to lure global mining heavyweights; President must convince companies that their projects are safe and lay down rules for doing business.

PRODUCTION & INDUSTRY

Industry on the ropes: Tough times for factories as consumers cut back

24-04-2024 17:24 Factories are on the ropes between adjustment and recession in Argentina. Representatives of small- and medium-sized enterprises (SMEs, or PyMES) warn drop in consumption is threatening the future of industry.

ECONOMY & INDUSTRY

Cheap Chinese steel threatens jobs in Latin America

16-04-2024 09:45 Metal-workers in Latin America are clamouring for higher import tariffs as an avalanche of cheap Chinese steel floods the region.

Bloomberg

US Treasury Secretary Yellen praises Chile’s policies in visit to lithium-rich ally

01-03-2024 16:42 US Treasury Secretary Janet Yellen on Friday lavished praise on Chile during a visit focused on critical minerals.

Environment

Polluted paradise: Chile town waits for clean-up as coal shuts off

12-02-2024 13:28 Coal-fired plants and factories bellow noxious fumes into the air in a small town, but Chile has embarked on a whirlwind energy transition

BOOKS & LITERATURE

Is Argentina’s publishing industry at risk of extinction?

22-01-2024 08:05 The abrupt fall of demand from the domestic market, disproportionate increases of the price of paper and fuel, deferred payments in a context that is virtually hyperinflationary, the opening of imports and books on sale, the possible repeal of the Law for the Defence of the Book Industry, a lack of state purchases… a potent cocktail is attacking the entire ecosystem of Argentine books.

by Gonzalo Santos

Bloomberg

Billionaire Paolo Rocca has a Plan B for lithium if alpha bid fails

11-10-2023 08:10 Billionaire Paolo Rocca’s oil drilling unit will enter the lithium business one way or another.

Bloomberg

Argentina seeks to tax lithium boom to avoid region’s resource curse

02-10-2023 11:57 Provincial and federal officials want to tap the profits of lithium companies with an annual tax that would be put toward building infrastructure.

Lithium in Argentina

Lithium boom in Argentina hinges on politics, Zijin unit says

27-09-2023 19:05 Hurdles to lithium development in neighbouring Chile and Bolivia have opened the door for Argentina, says top industry official

Bloomberg

China’s Zijin is in talks with Argentina to turn lithium into battery cathode

11-07-2023 17:46 China’s Zijin Mining Group is in advanced talks to build a plant in Catamarca that will turn some of the nation’s huge lithium reserves into cathodes used to make electric-vehicle batteries.

Lithium sector

Argentina’s growing lithium industry hits export records

17-06-2023 13:50 Argentina's lithium industry hit a record high with exports rising to US$60 million in May, up 17% from the same month a year ago.

EU-MERCOSUR TRADE DEAL

Lula: Brazil 'will not give in' on public procurement in EU-Mercosur deal

26-05-2023 11:25 Brazilian President Luiz Inácio Lula da Silva declared Thursday that Brazil "will not give in" in talks over the free-trade agreement between Mercosur and the European Union.

BLOOMBERG – ANALYSIS

Edward Porter: What Xi Jinping wants in Latin America

28-04-2023 11:29 China is not interested in turbocharging the region’s industrial development. But neither are its investments seeking to challenge the United States.

Lithium in Latin America

Chile’s Boric announces public-private model for tapping lithium reserves

21-04-2023 09:53 Chile’s government delivers long-awaited lithium development policy; State will partner with private firms to tap reserves says President Boric.

MINING & INDUSTRY

Theft of US$1 million in gold suspends Argentina mine project

18-04-2023 08:48 Thieves break into the gold room at Patagonia Gold's Cap-Oeste Project in Santa Cruz Province escape with about 500 ounces of gold.

SOARING PRICES

Inflation at 140% – industry leaders forecast alarming new ceiling

17-04-2023 15:52 Industry leaders are adjusting their accounts and forecasting a monthly inflation rate of at least six percent per month until the end of the year – provided there is no devaluation.

by Ariel Maciel

PRODUCTION & INDUSTRY

Auto industry takes leap forward after stagnant decade

11-04-2023 16:43 New survey from ADEFA car manufacturers association shows a volume of production not registered since October 2013 – more than 61,000 vehicles in a month.

by Gabriela Maidana

MINING & INDUSTRY

Lithium boom delivers job growth to Argentina’s mining industry

28-03-2023 15:09 National industry industry has now recorded 28 consecutive months of job creation growth, with more than 37,000 workers now employed in the sector.

WINE PRODUCTION

Race against time to rescue Argentina’s wine grapes

23-03-2023 00:52 Argentina's grape 2023 harvest will not exceed 15.4 million tons, according to projections by the National Institute of Vitiviniculture (INV). That's 40% less than a normal year.

Oil corruption

Venezuela's oil minister resigns over graft probe

21-03-2023 12:24 Venezuela's oil minister Tareck El Aissami resigned on Monday after prosecutors opened a corruption investigation into officials at the state oil company PDVSA.