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Argentina Mining Enters New Investment Phase as Incentives Lure Majors

Infrastructure and permitting will dictate how fast lithium and copper projects turn approvals into export growth.

Overview

  • Industry and government leaders at a national mining summit said three RIGI‑approved projects total about US$6 billion, with a wider proposal pipeline reported near US$27 billion.
  • Executives cited the RIGI as decisive for renewed commitments, with Rio Tinto pointing to the framework in ramping up its Rincón lithium project in Salta.
  • EY estimates indicate six advanced copper developments exceed US$19 billion with start‑ups projected between 2027 and 2031, while lithium could attract roughly US$8 billion over five years.
  • U.S. Trade.gov and USGS reports identify Argentina as a leading lithium producer and an emerging copper prospect, while warning about regulatory and infrastructure risks.
  • Sector growth hinges on roads, rail and energy upgrades—such as reactivating the Belgrano Cargas corridor—as lithium price volatility pressures operations and high gold prices sustain current mines.