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US lithium imports fall in October

  • : Metals
  • 24/12/11

US imports of lithium carbonate and lithium hydroxide fell on the year by a cumulative 26pc in October, led by a drop in Argentinian volumes.

  • Imports of lithium chemicals, including lithium carbonate and lithium hydroxide, declined to 916 metric tonnes(t) in October, down from 1,233t a year earlier, according to US Census Bureau data.
  • US imports of carbonate fell to 859t from 1,093t a year earlier as higher Chilean volumes were swamped by a halving of imports from Argentina.
  • The US imported just 374t of carbonate from Argentina in October, down from 743t a year earlier. Volumes from the country have cooled in recent months, while China-based producer Ganfeng Lithium's Cauchari-Olaroz project has contributed to a sharp uptick in exports to that country.
  • US lithium hydroxide imports declined on the year by 59pc to 58t on fewer shipments from Chile.
  • Chile and Argentina supplied 97pc of US lithium chemical imports, at 516t and 374t, respectively.

US Lithium ImportsMetric Tonnes (t)
CountryOct-24Oct-23Difference±%YTD 2024YTD 2023
Lithium Carbonate
Chile45934711232.38,0257,947
Argentina374743-369-49.75,4416,317
UK25322733.39242
Rest of World101na103189
Lithium Hydroxide
Chile57130-73-56.2497756
China02-2-100.02723
Rest of World08-8-100.04750

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24/12/13

EU could tighten steel safeguard in impending review

EU could tighten steel safeguard in impending review

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Rio Tinto to invest $2.5bn in Argentina lithium mine


24/12/12
24/12/12

Rio Tinto to invest $2.5bn in Argentina lithium mine

Montevideo, 12 December (Argus) — International miner Rio Tinto will invest $2.5bn to expand its Rincon lithium operation, potentially increasing Argentina's production of the metal six-fold in the next decade, it said today. The company began initial production at Rincon's 3,000 metric tonnes (t)/yr starter plant in November. Rincon in Argentina's northern Salta province is Rio Tinto's first commercial lithium operation. It taps brine lithium. In October, it finalized the acquisition of Rincon from US-based Arcadium Lithium. The new investment will increase annual production to 60,000t of battery grade lithium carbonate. Construction on the expansion should start in mid-2025 and ramped-up production using direct lithium extraction (DLE) technology should start in 2028, eventually reaching capacity early in the next decade. The project will add to Argentina's efforts to become a world-class energy player with lithium, LNG and oil exports transforming the country in the coming years. Argentina was the fourth lithium producer in 2023, with 9,600t, according to the US Geological Survey. It has 3.6mn t of lithium reserves and 22mn t of lithium resources, second only to neighboring Bolivia. Argentina, Bolivia and Chile form the "lithium triangle," which holds around 60pc of the world's lithium resources. Chile is the world's second producer after Austria, while Bolivia's production is negligible. Rio Tinto referenced Argentina's economic reforms, including an incentive mechanism for long-term investments, known as the RIGI, as providing a new environment for investment. The RIGI is applicable to investments over $200mn and provides tax and customs benefits, as well as legal stability. Rio Tinto would join eight projects that have already applied for RIGI approval. President Javier Milei announced on 10 December, his first anniversary in office, that the government was planning sweeping tax reforms that would lower 90pc of the country's taxes, and elimination of exchange rate and customs controls. Monthly inflation in November was 2.4pc, down from 25.5pc in December 2023. In a September 2024 report, the Argentinian government listed 50 lithium projects, with 6pc producing the white metal, 10pc under construction and 14pc in the feasibility phase. The rest were in the initial development stage. By Lucien Chauvin Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Australia’s SGM signs deal to supply rare earth metals


24/12/12
24/12/12

Australia’s SGM signs deal to supply rare earth metals

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Nornickel sees global Ni surplus at 150,000t in 2024-25


24/12/12
24/12/12

Nornickel sees global Ni surplus at 150,000t in 2024-25

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Syrah declares Mozambique graphite plant force majeure


24/12/12
24/12/12

Syrah declares Mozambique graphite plant force majeure

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