Chinese battery-component maker CNGR, a Tesla supplier, considers purchasing major stakes in Argentina's lithium brine deposits to expand its presence in the lithium-rich region, aligning with US and allies'

Chinese battery-component maker CNGR, a Tesla supplier, is considering purchasing major stakes in Argentina's lithium brine deposits to expand its presence in the lithium-rich region. This move aims to build an upstream lithium supply chain outside China, aligning with US and allies' efforts to decouple from China's global dominance over battery metals. Argentina has the world's third-largest lithium reserves but has struggled to attract foreign investment.

June 03, 2024
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