State company Y-TEC, the tech arm of YPF, will open the first lithium battery cell factory in September, in La Plata, the capital of Buenos Aires province. . Argentina's first lithium battery plant represents a major step in South America's energy transformation, driving local production, job creation, and EV infrastructure development. Another plant, five times bigger, will kick off in Santiago del Estero in 2024. It is the third plant to start production since 2024, despite a context of declining lithium prices, even as demand for the mineral has grown in. . A worker at a lithium plant in the Salinas Grandes salt flat in northern Argentina. (Image: Mariano Garcia / Alamy). . Production is scheduled to start in November 2024.
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