News report 🏭 Commodities 🌍 Argentina

Argentina Could Overtake Chile as Top Lithium Producer by 2035

Argentina is projected to reach 481,000 tons of annual lithium production by 2035, provided the $3 billion Pozuelos-Pastos Grandes project secures a third partner to move forward.

📅 November 12, 2026 🕐 1 min read

2 assets impacted. Net bias: 1 Bullish, 0 Bearish, 1 Neutral. Strongest signal: LAR ↑ 4/10 (50% confidence).

📊 Affected Assets (2)

LAR

Bullish 🤖 50%

🗓️ Long-term 🌍 AMERICAS · Explicit

GEM Mining Consulting forecasts Argentina could overtake Chile as South America's top lithium producer by 2035 (481,000 vs 426,000 tons LCE), but only if the Pozuelos-Pastos Grandes project led by Lithium Argentina with Ganfeng, a $3 billion three-phase development of up to 150,000 tons annually, proceeds. The bullish case hinges on securing a third investment partner, which remains unresolved.

Catalysts

▲ GEM forecast of 481,000 tons Argentine LCE output in 2035 conditional on Pozuelos-Pastos Grandes
▲ Pozuelos-Pastos Grandes sized at up to 150,000 tons annual lithium output with $3 billion total investment

Risk Factors

▼ If Pozuelos-Pastos Grandes does not take off, Argentine lithium production would fall in coming years, per GEM
▼ The $3 billion project still lacks a confirmed third investment partner

1772.HK

Neutral 🤖 40%

🗓️ Long-term 🌍 ASIA · Explicit

Ganfeng is named as partner in the Pozuelos-Pastos Grandes project in northern Argentina, which underpins the forecast that Argentina overtakes Chile by 2035. The news is directionally supportive, but the project is one of many for a Chinese mining major and remains unconfirmed as to a third partner and final go-ahead, so the price effect is minor.

Catalysts

• Partner role in the $3 billion Pozuelos-Pastos Grandes project, up to 150,000 tons annual lithium output

Risk Factors

• Project progress depends on finding a third investment partner; without it Argentina's lithium output falls, per GEM

🎯 Key Takeaways

Argentina is forecast to produce 481,000 tons of lithium carbonate equivalent by 2035, compared to 426,000 tons for Chile.
The Pozuelos-Pastos Grandes project is designed to produce up to 150,000 tons of lithium annually across three development phases.
Global output in 2035 is expected to be led by Australia at 966,400 tons and China at 618,700 tons.
The $3 billion Pozuelos-Pastos Grandes project currently lacks a confirmed third investment partner.

📝 Executive Summary

GEM Mining Consulting forecasts that Argentina may surpass Chile as South America's leading lithium producer by 2035, with an output of 481,000 tons of lithium carbonate equivalent. This growth is contingent on the successful development of the $3 billion Pozuelos-Pastos Grandes project, currently led by Lithium Argentina and Ganfeng Lithium, which requires a third investment partner to proceed.

❓ FAQ

LAR · What does the forecast mean for Lithium Argentina?

Argentina could overtake Chile as South America's top lithium producer by 2035 only if Lithium Argentina's Pozuelos-Pastos Grandes project, a $3 billion development of up to 150,000 tons per year with partner Ganfeng Lithium, goes ahead. Without it, Argentine output is forecast to decline.

LAR · Is the project fully financed?

No. Lithium Argentina and Ganfeng Lithium are currently looking for a third partner in the investment, so the outcome of that search is a key condition.

1772.HK · What is Ganfeng Lithium's role in this news?

Ganfeng Lithium is the Chinese mining major partnering with Lithium Argentina on the Pozuelos-Pastos Grandes project in northern Argentina, estimated at $3 billion and planned in three phases. The two companies are seeking a third investment partner.

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