US makes a play for Argentina’s lithium

By Sara Schonhardt, Hannah Northey | 08/23/2024 01:46 PM EDT

The two countries inked agreements to strengthen cooperation on the crucial element in electric vehicle batteries.

An aerial view of the Eramine lithium extraction plant in Salta province, Argentina.

An aerial view of the Eramine lithium extraction plant in Salta province, Argentina. Luis Robayo/AFP via Getty Images

U.S. officials finalized climate-related agreements with Argentina on Thursday during a diplomatic visit to the lithium-rich country.

The deals will enhance cooperation between the two nations to help Argentina develop its minerals sector, transition to clean energy and cut its planet-warming pollution, according to the U.S. State Department.

Undersecretary of State for Economic Growth, Energy and the Environment Jose Fernandez announced the agreements during a visit to Buenos Aires, where he met with Argentine Foreign Minister Diana Mondino and signed a memorandum of understanding on critical minerals.

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The deal will “strengthen our cooperation on critical minerals supply chains and promote trade and investment in Argentina’s energy transition,” Fernandez wrote on the social media platform X.

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