Argentina 2020 Mining Export Revenue to Drop by 25 Percent Because of Pandemic

Export revenue from the mining sector, made up of mostly lithium, gold, and silver, will total only about US$2.4 billion in 2020.

RIO DE JANEIRO, BRAZIL - Argentina mining exports are expected to dip by 25 percent this year after activity ground to a halt under one of the strictest coronavirus lockdowns in the world, officials said on Thursday.

Exports from the mining sector, made up of mostly lithium, gold and silver, will total about US$2.4 billion in 2020, Mining Secretary Alberto Hensel said. Private sector investment in mineral exploration dwindled to US$160 million in 2020, down from US$241 million the previous year.

Argentina’s government mandated a strict lockdown on March 20, shutting down most activity, grounding travel . . .

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