Mining in Argentina has exported $1.134 billion this year

News
In April 2024, mineral exports reached a value of $267 million, accumulating a total of $1.134 billion in the first four months of the year. This represents a year-on-year decrease of 9.9% for April and a 13.9% drop for the year-to-date. Additionally, according to estimates from the National Secretariat of Mining, the accumulated total for 2024 is 6.2% below the average recorded between 2010 and 2023 for the same months.

By Panorama Minero

Of the $267 million exported in April, $209 million came from metalliferous minerals, which implies a slight year-on-year decrease of 0.2% compared to April 2023 for this category. These products represented 78.2% of the total mining exports for the month, with gold accounting for $169 million (63% of the total) and silver $34 million (13% of the total). The remaining $6 million (2.4% of the total) came from other metalliferous minerals, primarily lead.

By segment, the value of gold exports in April showed a year-on-year increase of 14.5% ($21 million more than in 2023), due to an increase in export volumes. In contrast, silver exports fell 42.4% year-on-year ($25 million less than in 2023), attributed to decreases in both export prices and export volumes.

In total, in the first four months of the year, exports of metalliferous minerals amounted to $897 million, representing a year-on-year decline of 6.9%. Of this amount, gold contributed $734 million (65% of the total), silver $143 million (13%), and other metalliferous minerals $20 million (2%). Thus, this category represented 79.1% of the total mining exports for the period. During these months, gold also experienced a year-on-year growth of 6.3% in export values, while silver fell 44.7% year-on-year.

Regarding lithium, $46 million were exported in April, representing a year-on-year decline of 37.7%. Despite this decrease, lithium ranked as the second most exported mineral in April, improving its position from the previous month where it was in third place. Thus, lithium accounted for 17.3% of total mining exports in April, with the drop in its export value explained by lower export prices.

Switzerland, China, the United States, and Canada were the main destinations for mining exports in April, absorbing 82% ($219 million) of the total mineral sales. For the year-to-date, these countries represented 75% ($852 million) of mining exports. Sales to these four countries were dominated by metalliferous minerals, which constituted 82% of total mining exports in both April and the first four months of the year. Additionally, these destinations accounted for 78% of metalliferous mineral exports for the same period, while the remaining 22% had India, Belgium, South Korea, Chile, and Peru as the main destinations.

In the case of lithium, similar to what happens with metalliferous minerals, exports are concentrated in a few destinations. In April, China and Germany represented 88% of lithium product exports, while in the first four months of the year, the figure was 89% with China, the United States, and South Korea as the main destinations. It is noteworthy that China’s share of lithium exports increased by 138% in the first four months of 2024 compared to the same period in 2023.

Magazine

Edición 530 - Mayo 2024
Edición 529 - Abril 2024
Edición 528 - Marzo 2024
2024 Argentine Mining Compendium
Edición 527 - Febrero 2024
Edición 526 - Diciembre 2023
Edición 525 - Noviembre 2023
Edición 524 - Octubre 2023
Edición 523 - Septiembre 2023
Edición 522 - Agosto 2023
Edicion 521 - Julio 2023
Edición 520 - Junio 2023

Events

    Expo San Juan
    Lithium in South America
    Gold, Silver & Copper

Do you want to receive news about the sector and Panorama Minero initiatives?


Sign up for our newsletter.

PwC Report: The mining industry will rely on AI and metal recycling for the sustainability of its operations

PwC Report: The mining industry will rely on AI and metal recycling for the sustainability of its operations

The 21st edition of PwC’s “Mine 2024” report offers a detailed analysis of the current landscape and future prospects of the global mining industry. Among other conclusions, the document highlights the fundamental role of major companies in the sector in addressing global challenges such as food security, the transition to a low-carbon economy, and the growing demand for infrastructure and consumer goods.
The Centenario lithium mine is now operational, the first to enter the production phase in Salta

The Centenario lithium mine is now operational, the first to enter the production phase in Salta

With the presence of the Governor of Salta, Gustavo Sáenz, Eramine Sudamérica, a subsidiary of the French group Eramet (50.1%) and its Chinese partner Tsingshan (49.9%), inaugurated its lithium carbonate production plant this Wednesday. This marks the first of its kind in the region and the first project to enter the production phase in Salta. Additionally, it is the fourth producer in the country following in the footsteps of Olaroz and Fénix mines by Arcadium Lithium, and the Cauchari-Olaroz deposit operated by Lithium Argentina.

Past and present of Piuquenes

Past and present of Piuquenes

A review of the history of the copper project located in the province of San Juan, operated by Pampa Metals Inc.
Salta issued a new Environmental Impact Statement and has six lithium projects under construction

Salta issued a new Environmental Impact Statement and has six lithium projects under construction

The Secretariat of Mining and Energy of Salta has issued the Environmental Impact Statement (EIS) for Potasio y Litio Argentina S.A. (PLA S.A.) to begin the construction of a commercial plant for lithium carbonate production in the Diablillos Salar. With this permit, Salta now has six lithium projects under construction, positioning itself as a significant player in the region.

Minsud updates exploration results in Chita Valley

Minsud updates exploration results in Chita Valley

Minsud Resources Corp. announced the receipt of assay results from five additional drillholes, which were completed as part of the ongoing Phase IV infill and scout drilling program at the Chita Valley Project, San Juan Province.
In May, San Juan and Santa Cruz led the export of minerals

In May, San Juan and Santa Cruz led the export of minerals

The Argentine mining sector reported exports totaling US$383 million in May 2024, registering a 21.5% year-on-year increase. San Juan regained its position and established itself as the leading exporting province, followed by Santa Cruz.