Argentina and South Korea Partner on Critical Minerals

Jul 31, 2026

67 min

Jul 31, 2026 23:30

Argentina, S.Korea announce critical minerals partnership

## New Partnership Announcement

Argentina and South Korea have announced a new partnership focused on critical minerals. This agreement aims to enhance investment and collaboration in the supply chain of these essential resources, which are crucial for technologies like batteries and electric vehicles.

## Details of the Agreement

The partnership was formalized during South Korean President Lee Jae Myung's visit to Argentina. It seeks to foster joint projects in areas such as exploration, extraction, processing, and refining of critical minerals. This move follows a similar agreement South Korea signed with Chile.

## Argentina's Role in the Global Market

Argentina is a significant player in the global lithium market, ranking as the fifth-largest producer. The country is looking to leverage this position to boost its economy and strengthen international ties.

## Economic Impact

The Argentine government has approved a major project for South Korean company Posco to increase lithium extraction in Salta. This initiative involves a $547 million investment and is expected to produce 23,000 tons of lithium carbonate annually, generating over $300 million in exports each year.

## Strengthening Bilateral Relations

The visit by President Lee marks the first by a South Korean leader to Argentina in 22 years. Discussions with Argentine President Javier Milei focused on enhancing bilateral relations, trade, and cooperation in strategic sectors, including energy and critical minerals.

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