Eramet plans $350 million lithium expansion in Argentina
The expansion would add 11,000 metric tons of annual lithium carbonate equivalent capacity, subject to a final investment decision, the company said.
- On Thursday, Eramet announced plans to invest about $350 million to expand its Centenario-Ratones lithium project in Argentina, seeking inclusion under the government's RIGI investment incentive scheme following high-level meetings in Paris.
- CEO Christel Bories met with President Javier Milei, Presidential Chief-of-Staff Karina Milei, and Economy Minister Luis Caputo in Paris to advance the project, building on Eramet's $950 million investment in Argentina since 2011.
- The expansion aims to add 11,000 tonnes of annual lithium carbonate capacity to the existing 24,000-tonne Centenario-Ratones facility, subject to a final investment decision expected by the end of 2027.
- Eramet is simultaneously planning a $565 million capital increase and asset sales to manage debt, having bought out its Chinese partner Tsingshan from the Centenario facility in 2024.
- Bories stated that "Argentina possesses the necessary resources and industrial potential to play an increasingly important role in the global lithium industry," positioning Centenario within a regional triangle spanning Argentina, Chile, and Bolivia.
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The French mining company announced it after a meeting with President Javier Milei in Paris. The project would raise almost 46% the capacity of the Centenary-Raton plant and the final investment decision could reach the end of 2027.
The President met in private the 13 provincial leaders who traveled to Argentina Week and reviewed the economic situation. In parallel, his sister received the miner Eramet, who will ask to enter the RIGI to expand a lithium project in Salta, and the French chain Huttopia, which will open a premium campsite in Mar Azul. President Javier Milei took advantage of his passage through Paris to lead a reserved summit with the 13 governors who make up …
Eramet will apply for membership of RIGI to expand Centenary-Ratones, its project in Salta. The company already invested about US$ 950 million in the country
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