The BMW automotive group announced that it had signed a $334 million contract with the U.S. mining company Livent, which is in charge of lithium extraction in the Salar del Hombre Muerto, in Catamarca, Argentina. This agreement will make Argentina the second-largest lithium producer in the world as of 2022. BMW to buy lithium in Argentina for $334 million.
First-quarter inflation seriously compromises the 29% target set by the Government and the strategy of aligning expectations around the guidelines of the 2021 Budget. Consultants and economists agree that the figure will be around 4%. They anticipate that increases could begin to ease in April.
Edenor and Edesur, the two largest electricity distributors in the country, yesterday raised the need to apply increases of between 28% and 34% in residential tariffs this year. They clarified that if the Government decides not to raise tariffs on users, the companies would need subsidies for 54,260 million pesos ($590.68 mn) to maintain the current services.
The economic activity started 2021 with an improvement of 1.9% concerning December last year, according to data published this Tuesday by INDEC. Thus, it accumulated its ninth consecutive monthly rebound and was only 1.3% below pre-pandemic levels.
After an investment of $39 million, Genneia's wind farm started operating after an investment of 39 million dollars, the Chubut Norte II Wind Farm developed by the leading renewable energy company, Genneia, started working this week. With an installed power of 26.28 MW, it will generate 120 GWh per year, oriented to the Renewable Energy Term Market.