2023-08-07 18:32:51
Many specialists speak of lithium as “white gold” due to its great strategic value in the coming economy. It is that it is a fundamental input for the elaboration of electric batteries.
In this context, we communicate with Paul Rutiglianopresident and founder of the Latin American Lithium Chamber, who spoke regarding the importance of declaring this product as a commodity.
Millionaire losses due to lack of transparency
“Argentina does not declare lithium as a commodity and that means that there is no transparency in its production”said Rutigliano, who later completed: “The problem means that we cannot form prices, That makes us lose 2.6 billion dollars last year”.
“By not treating the product as a commodity, under-invoicing is generated, which is not good for the country in a context of lack of foreign currency,” the interviewee shot. “The key reserves for the energy transition are being given away”he added.
Along the same lines, the expert on the subject said that the measure is essential for there to be more transparency, sustainability and generation of foreign currency. “It is a strategy so that there is no regulation,” explained.
Finally, Rutigliano said that it is essential to generate transparent models so that the activity in the country grows, with a large value chain. “Today the reference price is generated by China and that is worrying”he concluded.
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