Lithium Argentina Boosts Output as Cauchari-Olaroz Becomes Nation's Largest Producer

Cauchari-Olaroz Project

2024 Sees 25% Surge in Lithium Production Amid Soaring Global Demand

Cauchari-Olaroz Leads Argentina’s Lithium Growth

Lithium Argentina significantly increased its lithium carbonate output in 2024, positioning the Cauchari-Olaroz project as the country’s largest lithium operation. According to the company’s earnings report, Q4 production surged by 25% quarter-on-quarter, reaching 8,500 metric tonnes.

Full-year production totaled 25,400 tonnes, reflecting strong operational efficiency and rising global demand for battery-grade lithium. This growth cements the project's importance in Argentina's lithium sector, a key player in the global EV supply chain.

Revenue and Outlook Point to Continued Expansion

In 2024, Lithium Argentina generated $198 million in revenue from lithium carbonate sales, averaging $7,800 per tonne. This robust pricing reflects resilient demand despite global market volatility and softening prices in some regions.

Looking ahead, the company expects the Cauchari-Olaroz project to produce between 30,000 and 35,000 tonnes of lithium carbonate in 2025. This would mark another year of double-digit growth and reinforce Argentina's strategic role in lithium supply diversification.

Strategic Partnerships Strengthen Project Position

The ownership structure of Cauchari-Olaroz includes Ganfeng Lithium, a major Chinese lithium producer, and Argentina’s state-run mining agency JEMSE, which holds an 8.5% stake. These partnerships enhance capital access, technical know-how, and regulatory alignment in the project’s operations.

As the world pivots toward clean energy technologies, Lithium Argentina’s output growth underlines its critical contribution to the global battery value chain.