News of production

Rio Tinto to invest US$2.5 billion in lithium production

13-12-2024 13:24 Anglo-Australian mining giant announces US$2.5-billion investment in Rincón project in Salta Province, with chief executive praising Milei’s reforms and RIGI scheme.

ENERGY & GAS

Pampa Energía sizes up LNG projects as Milei aids shale growth

18-10-2024 17:37 Energy producer Pampa Energía SA will decide in the next three months whether to partner on a multibillion-dollar LNG plant, says Marcelo Mindlin.

OIL & GAS

Oil driller Aconcagua eyes Argentina IPO as Milei lures capital

04-06-2024 15:07 President’s move to open up economy creates market opportunity; Gas company did first local listing since 2017 earlier in year.

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.

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.

STEEL INDUSTRY

Steel producer Acindar halts production amid sharp drop in sales

28-02-2024 18:59 Leading steel producer Acindar, from the ArcelorMittal group, will stop production for a month at its five plants in order to compensate for a heavy fall in demand.

FOCUS ON VENEZUELA

Venezuela calls in oil debt it once traded away for literal beans

26-02-2024 10:56 Impoverished and desperate for cash, Venezuela is trying to collect old debts from the Petrocaribe oil exchange programme.

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

WINE PRODUCTION

Global wine production hits lowest level since 1961

07-11-2023 12:41 Global wine production falls to its lowest level in six decades due to frost and droughts; Argentine wine production reached only 8.8 million hectolitres – a slump of 23 percent and one of the lowest volumes ever recorded in recent history.

Lithium in Latin America

Chile set to lose ground in global lithium rankings to Argentina

30-05-2023 21:54 Chile, the second-largest supplier of lithium, expects to lose more market share to Australia and Argentina over the next decade.

BLOOMBERG - OPINION

Eduardo Porter: LatAm’s new lithium bounty unearths old problem

08-05-2023 11:31 From Mexico to Chile, governments still haven’t cracked the code on how to leverage natural resources into sustained, broad-based prosperity.

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.