Argentina has formalised restrictions and the reduction of the frequency of flights to and from the United States, Europe, Mexico and Brazil due to a resurgence of coronavirus cases in the country. This reduction of between 30% and 50% from these countries has the objective of “reducing the possibilities of entry of new strains into the country, allowing an exact control and monitoring of the number of passengers per day,” explained the Minister of Transport, Mario Meoni.
Argentina posted its first trade deficit since August 2018 as exports collapsed after a lengthy strike in some port operations. The country recorded a trade deficit of $364 million in December, compared to a $500 million surplus forecast by economists in a Bloomberg survey, government data showed. While imports grew 25% in annual terms driven by an economic recovery, exports slumped by 34%.
Galaxy Resources, an international lithium producer and developer, reported today on activities undertaken in the December 2020 quarter. At Sal de Vida project in Argentina, FEED nears completion, the wellfield to ponds package is ~95% complete and the plant and infrastructure is ~25% complete. Piloting onsite successfully produced 0.8 tonnes of high-grade lithium carbonate peaking at 99.9% purity.
Argentina’s state-owned satellite operator Arsat announced an agreement to join Chile’s Humboldt transoceanic cable project to connect South America with Oceania and Asia. The deal is part of a telecommunications integration framework between both countries signed by Argentine president Alberto Fernandez and his Chilean counterpart Sebastian Piñera.
Argentina is looking for ways to ensure ample domestic wheat supplies without resorting to shutting down exports, a top official said, as farmers fretted about possible state intervention in the markets. The government, worried about food price inflation, recently tried to limit corn exports, but the idea was beaten back by growers. Now the focus is on wheat, with rumors swirling around the Pampas grains belt that export limits might be on the way.