Argentina Emerges as Major Global Lithium, Copper Producer

Argentina is emerging as a significant player in the global mining industry due to its vast deposits of strategic minerals including lithium, copper, gold, silver, and uranium, with lithium reserves constituting about 20% of global resources. The country mainly concentrates its lithium mining in the Northwest region, part of the Lithium Triangle, with steady production growth as new projects commence. In Bolivia, concerns have arisen over environmental damage and community impact linked to lithium mining near the Uyuni salt flats, despite the government's efforts to boost production through contracts with Russian and Chinese firms and new extraction technologies. Bolivia holds about 20% of global lithium reserves but has yet to reach its production targets, leading to local unrest and environmental debates. Meanwhile, in Brazil, Atlas Lithium Corporation’s subsidiary, Atlas Critical Minerals, is advancing the Iron Quadrangle Project, which is expected to generate revenue in late 2025 via a strategic partnership that minimizes capital expenses and diversifies income streams through iron ore processing. This project marks a strategic expansion for Atlas Lithium, aiming for near-term profitability while maintaining its focus on lithium development.