Tuesday, August 9, 2022

Sergio Massa: “Lithium in our country, along with Bolivia, is one of the main reserves of the world”

If you only have a few seconds, read these lines:
  • According to data from the nation’s Ministry of Production based on the United States Geological Survey, Argentina has about 25% of the global lithium resources and is second only to Bolivia (27.1%).
  • It is not the same to talk about reserves as compared to resources, as the former are available elements and can be extracted with current technology and obtaining the latter depends on other variables, such as price.
  • However, our country is also on the podium, ranking third among the countries with the largest lithium reserves in the world with a share of 9%.

Economy Minister Sergio Massa assured that “our country has the most important reserves of many of the world’s energies on a global scale.” And he gave the example that “In lithium, our country, along with Bolivia, has one of the largest reserves in the world.,

this is true. According to a report on lithium published in October 2021 by the Ministry of National Product Development, Argentina has about 25% of the global lithium resources and is second only to Bolivia (27.1%)., As noted in this note, lithium is used, among other items, in the production of batteries for cell phones, laptops, and more recently, electric and hybrid vehicles.

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the data that puts our country in that place Comes from the United States Geological Survey (USGS). “The best available global data, the most reliable, are actually from the USGS”Considered in this check-up is Victoria Flexer, a Conisat chemist who works with lithium at the Jujuy Center for Research and Development in Advanced Materials and Energy Storage.

However, as stated in this checkup, Speaking of reserves as compared to resources is not the same, as there are significant differences between the two definitions and it was omitted by Massa., ,When referring to reserves, references are made to a portion of the existing lithium resources, which are known to have a high degree of certainty. and for which, after applying the modified factors (including mining, processing, metallurgy, infrastructure, economic, marketing, legal, environmental, social and governmental) at the time of assessment, their exploitation is economically viable”, reports Tells the Ministry of Productive Development, which last Wednesday was transformed into a secretariat dependent on the Ministry of Economy.

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With this in mind Argentina is still on the podium: It is not the second, but third, in terms of the main lithium reserves in the world with a share of 9%.

Our country is preceded by Chile, with 43.8% of world reserves, and Australia, with 22.4%. The national government study states: “These values ​​are strongly linked to the quantity and quality of studies conducted in the field, which translate into a degree of certainty about their exploitation.”

So what Massa said is true. According to exclusive sources, Argentina and Bolivia make up the global lithium podium, if both resources and reserves are to be counted.

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
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