The lithium industry is growing: there are 21 extraction projects for 93 million tons

The lithium industry represents an excellent opportunity to develop renewable energies and sustainable mobility worldwide. Argentina can play a strategic role in this global scenario: it is the third-largest lithium producer and the third-largest reserve in the world. Today in Argentina, there are two lithium mines in operation, one under construction and 17 advanced projects. In this total of 21 extraction projects, it has resources for 93 million tons. The ten most significant-scale projects account for 86% of the resources identified. Once the projects currently under investigation are advanced, it estimates that they can extract 350 thousand tons per year.

New car sales rose 105% in March

Sales of new vehicles totalled 36,591 units in March, which represented an increase of 105.3% year-on-year concerning the same month of 2020 when the government implemented the mandatory preventive isolation due to the coronavirus. March sales were 20% higher than last February.

Edenor and Edesur request subsidies for $590.68 million in order not to raise tariffs

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.