WHY LATIN AMERICA
Why Latin America
Latin America is the preferred destination for global exploration
A change in Argentina's government has lead to significant foreign investment into exploration activity in the lithium space; a growth area for the Argentine economy.
The lithium triangle of Uyuni in Bolivia, Atacama in Chile and Hombre Muerto in Argentina accounts for more than 70% of known world reserves for lithium.
*Demand for lithium grew at an average annual rate of 11% between 2010 and 2015, and the price of 99% pure lithium carbonate exports to China – the world’s largest lithium market – more than doubled in the last two months of 2015 alone.
Around 80% of Argentina's subsoil has not been surveyed, therefore opening a window of opportunities to venture in a wide geography, including potential precious metals (gold and silver), non-ferrous metals (copper, lead and zinc), ferrous metals (iron), nuclear minerals (uranium), rare earths, lithium, potassium, lime, cement and industrial minerals.
Within Latin America, Peru has, perhaps, the greatest untapped potential for new discoveries and production. Peru’s clear and simple mining law and excellent geological potential has helped the country to attract one of the largest budgets for minerals explorations and development in the world.
Mining is the dominant sector of the Peruvian economy. Substantial investment has flowed to the sector over the past 20 years.
Peru is also a global leader in the mining industry; it’s one of the world’s biggest producers of base and precious metals. Currently according to the most recent data of the Peru’s Ministry of Energy and Mines, Peru is the world’s third largest producer of copper and zinc in the world and it is also a major producer of gold, silver, among other minerals. Peru has 13% of the world’s copper reserves, 4% of its gold, 22% of its silver, 7.6% of zinc, 9% of lead and 6% of tin reserves. Copper and gold are the most important mineral exports by value.
Peru enjoys political and macroeconomic stability. It has a steadily growing economy, which is largely driven by mineral production. The high rates of production have attracted a large amount of inbound investment into Peru’s mining sector. An estimated US$ 59.5 billion is expected to flow into the country over the next few years.