A major new Argentina lithium investment is taking shape in the northern province of Salta, where Chinese miner Ganfeng Lithium and its Swiss-based partner Lithium Argentina are searching for a third backer to help fund their flagship project.
A US$3 billion project in the Lithium Triangle
The venture, known as Pozuelos-Pastos Grandes (PPG), aims to produce 150,000 tonnes of lithium a year, with total spending of more than US$3 billion across three phases. The partners are seeking an investor to cover much of the first 50,000-tonne stage, and expect to close a deal within months.
Argentina sits in the so-called “Lithium Triangle” alongside Chile and Bolivia, which together hold the world’s largest reserves of the metal used in electric-vehicle batteries.
Why the RIGI regime matters
The project has applied to Argentina’s RIGI incentive regime, which offers tax breaks and long-term legal stability for investments above US$200 million under President Javier Milei. For Ganfeng, that stability is central to committing billions over a decade.
For UK and international businesses tracking the EV supply chain, this Argentina lithium investment is one to watch.
Source: Diario Financiero, reporting by Reuters.
