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Stock impact report

Eramine Sudamerica joins Argentine lithium race with Salta plant [Yahoo! Finance]

MaxLinear, Inc (MXL) 
Last maxlinear, inc earnings: 4/29 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investors.maxlinear.com
Company Research Source: Yahoo! Finance
Argentine province of Salta this July, setting it on track to become the South American country's fourth producer of the key battery metal. The group, owned by French miner Eramet and Chinese steelmaker Tsingshan, expects to produce some 3,000 tons this year and ramp up to some 24,000 tons by 2025, the company's sustainability director Constanza Cintioni told Reuters in an interview. Lithium, which is used for batteries in mobile phones and electric vehicles (EV), saw its price skyrocket over recent years, before plunging in 2023 largely due to slowing EV sales in China. Over half the world's known lithium resources are in South America. Argentina, located on the so-called "lithium triangle" spanning Bolivia and Chile, is the world's fourth-largest producer and has been drawing investment from foreign firms as far as Canada and China. This comes as libertarian President Javier Milei seeks to shore up depleted foreign reserves with dollars from mining, energy and grains exports Show less Read more
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