Argentina's mineral exports totaled USD 1.86 billion in the first six months of the year, with mining accounting for 4.8% of the country’s total exports in June and 5.1% in the year-to-date. Based on these figures, the National Mining Secretariat reported on the destinations for minerals produced within the country.
By Panorama Minero
Regarding geographical distribution, mining exports were highly concentrated in four main destinations: the United States, Switzerland, China, and South Korea. Together, these countries accounted for 88% of total mining exports in June, amounting to USD 234 million. In the first six months of 2024, these same countries captured 76% of mining exports, totaling USD 1.417 billion.
The prominence of these destinations is also reflected in metal ore exports, which constituted 83% of mining sales to these countries in June and 82% in the first half of the year. Specifically, the United States, Switzerland, China, and South Korea were the primary destinations for metal ore exports, capturing 77% of the total in the first six months of 2024.
Lithium exports also showed a significant concentration in a few markets. China, South Korea, and the United States represented 96% of lithium exports in June and 90% year-to-date. During this period, China and the United States increased their share of lithium exports by 134% and 10%, respectively, compared to the same period in 2023. These figures highlight the strategic importance of these markets for Argentina's mining exports, especially in a context of volatile international prices.
Join our mining community!
Subscribe to our newsletter for exclusive news, insights, and updates on the mining industry and Panorama Minero's latest initiatives.
Argentina Lithium & Energy Secures Major Lithium Properties in Argentina
The Canadian company, a member of the Grosso Group, has successfully completed the exercise of option agreements for nearly 25,400 hectares of lithium-rich land across its Rincon West, Pocitos, and Antofalla North Projects, in Argentina. This strategic move underscores the Company’s commitment to expanding its lithium portfolio in the region.
Argentine Economy: All You Need to Know About the Large Investment Incentive Regime
The recently approved Law 27,742 includes 65 articles aimed at providing incentives and guarantees to foster and attract private investments in projects that contribute to the development of the local economy.
Salta: AbraSilver Completes Environmental Impact Assessment for the Diablillos Project
AbraSilver Resource Corp. announced the completion of the Environmental Impact Assessment (EIA) for its silver and gold Diablillos project, located in Salta. The conclusion of this assessment marks a crucial step towards the development phase of the project, which is expected to achieve positive outcomes in water use, environmental impact, and socio-economic benefits.
Connectivity in Truck Cargo Transport: A Driver for Efficiency in Latin America and Argentina
Digital platforms that enable real-time fleet management and route optimization are revolutionizing the transport sector at a rapid pace.
Lithium: Galan Announces Agreement with Chemphys for the Hombre Muerto West Project
The Australian company, Galan Lithium Limited, announced the signing of a memorandum of understanding (MoU) for an offtake prepayment with Chengdu Chemphys Chemical Industry Co., related to the production of lithium products from the Hombre Muerto West (HMW) project, located in Catamarca, Argentina.
Japan Shows Interest in San Juan's Mining Potential
San Juan's mining sector has captured the attention of major Japanese companies seeking to explore new investment opportunities in Argentina.
Santa Cruz: Cerrado Gold Initiates New Exploration at Don Nicolás Mine, Aiming to Extend Mine Life Beyond Five Years
The company that owns the gold mine has announced the start of a new exploration campaign in Santa Cruz, with the goal of extending the mine's life and increasing mineral resources.
The Strategic Potential of Centralization in Latin American Mining
The centralization of suppliers in mining operations drives efficiency through inventory optimization, reduction of indirect costs, centralized purchasing, traceability, and risk management.
Santa Cruz: “Mining represents 80% of the province’s total exports”
Nadia Ricci, head of the Santa Cruz Provincial Secretariat of Mining, highlighted the significant contribution of the precious metals sector in exports, employment, and local development.
Salta: AbraSilver Announces Significant Results from Drilling Program at Diablillos Project
AbraSilver Resource Corp. reported the assay results from its fully-funded 20,000-metre Phase IV drill program at its Diablillos project in Argentina. The latest drill results highlight the potential for expanding mineralization in the southern and western extensions of the JAC deposit, outside the conceptual open pit boundary.
Cauchari-Olaroz: Lithium Argentina Projects a 2024 Production of 20,000 to 25,000 Tons of Lithium Carbonate
Lithium Argentina, a mining company with operations in Jujuy and development projects in Salta, in Argentina, announced its second-quarter results this Tuesday, highlighting significant progress in its Cauchari-Olaroz operation.
San Juan Officializes Its Adherence to the RIGI and Seeks Investments for Mining and Major Industries
The San Juan Chamber of Deputies has approved the province's adherence to the Regime of Incentives for Large Investments (RIGI), a program promoted by the national government. Governor Marcelo Orrego welcomed the initiative, emphasizing that this adherence will open new opportunities for development and progress in the province. "San Juan's adherence to the RIGI is excellent news. It opens a great door to development, work, and progress. I congratulate and thank the legislators who prioritized the welfare of the province and our people," Orrego stated.