France's Eramet to invest $800 million in construction of 2nd lithium plant in Argentina

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By Alimat Aliyeva

The French group Eramet and its subsidiary Eramine plan to
invest $800 million in the construction of a second lithium
production plant in the Argentine province of Salta,
Azernews reports.

“Eramet and its subsidiary Eramine have confirmed plans to
invest another $800 million in the second phase of the project, the
implementation of which will depend on the implementation of fiscal
measures announced by the government. This stage will consist in
the construction of a second plant located 70 km from the first
one,” the statement said.

The opening of the first plant of the Eramine industrial
complex, located at an altitude of 3,870 m above sea level, took
place on Wednesday.

“At the first stage, the project will potentially produce 24
thousand tons of lithium carbonate per year,” the Foreign Ministry
said. Eramet’s partner in the project is the Chinese metallurgical
company Tsingshan. The volume of their investments has already
amounted to more than $ 800 million.

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