American multi-billionaire Elon Musk has expressed interest in purchasing lithium from Argentina. This was announced by the recently elected President of Argentina, Javier Miley, on a local TV channel. channel 13.
“Elon Musk called me. He is extremely interested in lithium. The U.S. government and many U.S. companies have also shown significant interest, Milley said.
However, the Argentine President noted that foreign businesses are afraid to invest in the country due to the risk of being “robbed by local politicians”.
Argentina is part of the “lithium triangle” along with Bolivia and Chile, which account for more than half of the world’s lithium reserves. The metal is widely used in the production of electric vehicle batteries, including Elon Musk’s Tesla.
billionaire last year stated on the need to increase investment in lithium mining.
Previously, Tesla was in talks to buy up to a 20% stake in commodities trader Glencore.