Federico Gay

Over the past two years, Argentina has been the destination for many ambitious investment commitments thanks to the country’s Regimen for Incentivising Large Investments (RIGI). Benchmark analysis shows that Argentina’s lithium output rose from 31kt in 2018 to 86kt LCE in 2025. By 2030, Benchmark forecasts production to grow a further 153% to 218kt, positioning Argentina amongst the fastest growing lithium producers globally. The growth in Argentina’s lithium industry highlights that coordinated policy efforts and a focus on cost efficiency can attract capital and support the development of viable projects.

Québec is cementing a place as one of North America’s key lithium hubs. With competitive power prices from low-carbon hydroelectricity, robust mining infrastructure, Atlantic trade route access and strong government support, the province is developing a fast-growing pipeline of mining and chemical processing projects. North America’s largest operation, North American Lithium (NAL) is based in the region, and was responsible for around three quarters of the continent’s output last year. The site is operated by Elevra Lithium, formed from a merger of Sayona Mining and Piedmont Lithium in September 2025. Elevra recently received a major vote of confidence from the Canada Growth Fund in the form of a C$145m (USD$106m) convertible note commitment to support the expansion of NAL. This is expected to begin before the end of the decade. 

Stagnation in Chile’s lithium output growth stands in contrast to rapidly-growing Argentina, as regulatory hold-ups limit development of new projects in the world’s third-largest-producing nation. Two years after the official launch of the National Lithium Strategy in Chile, Lithium remains a strategic national resource, meaning private operators cannot extract it using standard mining concessions. They instead require a Special Lithium Operation Contract (CEOL), a public-private contractual vehicle that grants exclusive rights to explore and exploit lithium resources on a list of pre-determined salars.

Rio Tinto has cleared a significant hurdle for its Rincon lithium project in Salta, Argentina by securing a US$1.175 billion financing package from a consortium of international lenders. The funding supports the US$2.5 billion development, which is aiming for a capacity of 60,000 tonnes of battery-grade lithium carbonate equivalent (LCE) per year.

Three waste piles from Sigma Lithium’s Grota do Cirilo lithium mine in Brazil have been shut down following a government inspection which found them to pose a risk to workers and the local community. Although Sigma contests the ruling, this adds an extra layer of difficulty for the miner which had only just ramped production ...

Chilean regulators approved the deal between SQM and state-owned miner Codelco to operate a lithium joint venture, named NovaAndino Litio, in the Atacama salt flats. This deal resolves a long-standing uncertainty surrounding what would happen when SQM’s existing mining license expired in 2030. NovaAndino Litio will take over operations of SQM’s Salar de Atacama site […]