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Argentina Mining Output Rises as Oil and Lithium Lead November Gains

Industry estimates point to record 2025 mineral exports near $6 billion excluding hydrocarbons.

Overview

  • INDEC reported mining production rose 1.8% year over year in November and 1.1% from October, lifting January–November growth to 3.2%.
  • Crude oil extraction increased 12.8% year over year in November and 12.9% in the January–November period, with non‑conventional output up 30.7% and conventional down 12.9%.
  • Natural gas extraction fell 3.9% year over year in November, while the broader energy segment rose 2.9% on the month and 3.4% for January–November.
  • Lithium production jumped 66.4% year over year in November to 11,244 tonnes and climbed 61.4% in the January–November tally.
  • Non‑metallic minerals rose 9.5% year over year in November, led by salt (+42.5%) and minerals for chemicals (+30.3%), while metaliferous extraction fell 21.2% with gold and silver down 18.5%.