How Argentina’s Javier Milei looks set to undercut Australian lithium

News Snapshot:

Lithium prices have crashed by 75 per cent but this cannot last. There is a structural shortage of the EV battery metal, which is why Elon Musk is so assiduously courting his fellow libertarian in Buenos Aires. Output to increase tenfold by 2027 Argentina’s mining ministry says production will rise by 50 per cent this year alone. Eurasia Group expects output to increase tenfold by 2027. Milei enjoys goading the eco-literati on global warming – a “socialist lie” – but he will not let it stand in the way of an EV lithium boom. He has picked an enthusiast to...