Argentina Lithium wins local authority approval to kick off exploration push

Local mining officials in northwest Argentina have approved a two-year permit for Argentina Lithium & Energy to kick off exploration efforts in the Paso de Sico concession, the company said on Thursday.

Argentina is pushing to accelerate investments in lithium, the key battery metal, which is seen as a bright spot for the battered South American economy that could power export growth and boost much-needed foreign currency reserves.