The end of 2017 shows a shine future for 2018
Last year saw an increasing interest in mining worldwide, and Argentina has been one of the most important destinies for mining investment, specifically in lithium. President Mauricio Macri took macroeconomic decisions in order to get Argentina as a more predictable country. In the mining sector, one of the most important items was the signing of the New Mining Federal Agreement between Central Government and the provinces, set to establish the foundations of mining for the next two decades.
Argentina is ready for a great near future. Commodity prices are increasing steadily –gold, copper, silver, lithium- and the most relevant experts think that 2018 is the inflection point, where demand will outpace supply as a consequence of a pushing worldwide economy, and because mining reserves are depleting.
Argentina has nearly 70% of its subsoil without prospection, so it is an invitation for mining companies to drill and develop next projects, or advance in those identified in the past. For example, Argentina has 5 huge copper projects, some of them in the selected Top 10 of the greatest undeveloped copper projects worldwide.