In Argentina, there are around 850 mining companies operating due to the country’s significant mineral resources, most of them in areas close to the Andes where the main mining districts in terms of exploration and development are located.
Argentina forms part of the so-called lithium triangle, an area of South America comprising Argentina, Bolivia and Chile in which around 85% of the worlds’ reserves of lithium are concentrated. Indeed, due to its geographic position, Argentina has the third largest reserves of lithium in the world. Silver and gold are the next two most abundant metals in the country.
Argentina has the third largest reserves of lithium, the sixth largest of silver and the tenth largest of gold in the world..
Mining exploration in Argentina has doubled in recent years and investment in mining projects has increased by more than 90%. Argentina ranks fifth in the world for investment in mining and the industry is expected to be one of the fastest growing sectors in the coming years.