Lithium Americas Corp. (LAC.TO)

Eramine Sudamerica joins Argentine lithium race with Salta plant

Eramine Sudamerica is set to inaugurate its first lithium carbonate plant in the northern Argentine province of Salta this July, setting it on track to become the South American country's fourth producer of the key battery metal. The group, owned by French miner Eramet and Chinese steelmaker Tsingshan, expects to produce some 3,000 tons this year and ramp up to some 24,000 tons by 2025, the company's sustainability director Constanza Cintioni told Reuters in an interview. Over half the world's known lithium resources are in South America.