- Write by:
-
Monday, February 7, 2022 - 13:01:32
-
1624 Visit
-
Print
Mining News Pro - Following Zijin Mining Group’s recent announcement of a $380-million investment to build a lithium carbonate plant in Argentina and of upcoming investments in gold and copper projects, over the weekend Chinese president Xi Jinping said his country and the South American nation are deepening their financial ties.
In detail, official communiqués from both countries report on a meeting between Xi and President Alberto Fernández in Beijing in which the former agreed to provide Argentina with more than $23.7 billion in financing, of which $14 billion were already approved for infrastructure projects and the rest will be decided for the Belt and Road initiative.
Xi also told Fernández that both countries should implement existing hydropower and railway projects and deepen cooperation in trade, industry, infrastructure, nuclear energy, investment and anti-epidemic efforts.
The idea of promoting green and sustainable development projects, as well as in initiatives related to the digital economy, was also mentioned in the agreement signed between Beijing and Buenos Aires.
Argentina sits within South America’s so-called “lithium triangle” along with Chile and Bolivia. It is the world’s fourth-largest producer of the battery metal and the ninth-largest producer of silver. It also hosts uranium reserves estimated at 30,000 tonnes of proven resources.
Short Link:
https://www.miningnews.ir/En/News/620576
![Copper price set for worst week since 2022 as China Plenum disappoints](/Incsys/Photo.aspx?image=/Uploads/News/20240723142415052.jpeg&width=236&height=180)
Copper prices have retreated from a record in May on concerns about the strength of demand in China, where growth was ...
![Zimbabwe’s Kuvimba signs $310 million lithium mine deal](/Incsys/Photo.aspx?image=/Uploads/News/20240723141944589.jpeg&width=236&height=180)
Zimbabwe’s state-owned Kuvimba Mining House has signed a $310 million deal with a consortium of British and Chinese ...
![Sodium-ion battery startup sparks lithium alternative](/Incsys/Photo.aspx?image=/Uploads/News/20240723135657092.jpeg&width=236&height=180)
Peak Energy, an energy-storage startup, received $55 million in funding to scale up production of sodium-ion batteries ...
![China copper smelters plan to cut output after margins fall](/Incsys/Photo.aspx?image=/Uploads/News/20240723135544917.jpg&width=236&height=180)
Two Chinese copper smelters have laid out plans to reduce production next year as an imbalance between mine supply and ...
![Iron ore majors ramp up supply even as China faces challenges](/Incsys/Photo.aspx?image=/Uploads/News/20240723135340184.jpeg&width=236&height=180)
The world’s biggest iron ore producers are hurling plenty of dirt, adding tons of the steel-making commodity to the ...
![Iron ore price slumps to 3-week low on weak China demand](/Incsys/Photo.aspx?image=/Uploads/News/20240723134623774.jpeg&width=236&height=180)
Iron ore futures prices slumped to a nearly three-week low on Wednesday, undermined by weak seasonal demand from top ...
![China stainless steel mogul fights to avoid a second collapse](/Incsys/Photo.aspx?image=/Uploads/News/20240723134429281.jpeg&width=236&height=180)
Chinese metal tycoon Dai Guofang’s first steel empire was brought down by a government campaign to rein in market ...
![Santacruz Silver Mining reports fatality at Tres Amigos mine in Bolivia](/Incsys/Photo.aspx?image=/Uploads/News/20240723134144288.jpg&width=236&height=180)
Santacruz Silver Mining said on Tuesday that an employee at the Tres Amigos mine in Bolivia died after a small group of ...
![Germany Chancellor plans lithium deal with Serbia after Rio ruling](/Incsys/Photo.aspx?image=/Uploads/News/20240723133917912.jpg&width=236&height=180)
German Chancellor Olaf Scholz plans to visit Serbia this week to secure supplies of lithium that are critical for the ...
No comments have been posted yet ...