Argentina and the United States signed an agreement on critical minerals on Wednesday, the South American Ministry of Foreign Affairs reported, after minister Pablo Quirno participated in a multilateral meeting on the subject in Washington.
“During the ministerial meeting on critical minerals convened by Secretary of State, Marco Rubio, the Argentine Republic and the USA signed a Framework Instrument for Strengthening the Supply of Ores and Processing of Critical Minerals through which they ratify their strategic association and their commitment to the development of a safe, resilient and competitive supply”, according to the Argentine Ministry.
Minister Quirno said on Wednesday, on social media, that the agreement with Donald Trump’s government will generate “more exports, more investments and more jobs” in Argentina.
The Ministry’s statement added that the signing of the agreement “points to the consolidation of more solid and diversified value chains, the creation of a favorable environment for the arrival of long-term productive investments and responding to the growth in global demand and the application of advanced technologies”.
In August, Argentina and the US signed a memorandum of understanding on cooperation in critical minerals, such as lithium, of which the South American country is the fourth producer in the world.
Critical minerals refer to the raw materials – minerals and metals – necessary for the production of renewable energy and non-polluting technologies and the facilitation of the energy transition.
Argentina is the fourth largest lithium producer in the world, after Australia, Chile and China, third in reserves, after Chile and Australia, and second in resources, after Bolivia.
Argentina has 50 lithium projects in its portfolio, four of which are in production and six under construction.
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