News of sector

ELECTIONS 2023

PASO primaries: Alberto's favoured candidates, who’s in the race

25-04-2023 17:47 Alberto Fernández will not seek re-election, but he still wants a presence and influence over the Frente de Todos line-up for the primaries. Who are the candidates the president is promoting for the nation, provincial and city races? And who from the ruling coalition has publicly declared their intentions in the race for the Casa Rosada?

MINING & INDUSTRY

Lithium boom delivers job growth to Argentina’s mining industry

28-03-2023 15:09 National industry industry has now recorded 28 consecutive months of job creation growth, with more than 37,000 workers now employed in the sector.

LOCAL DEBT PILE

Argentina sells US$2 billion in peso debt after ordering bond swap

22-03-2023 21:56 Argentina sells close to 417 billion pesos (US$2 billion) in peso-denominated notes and bonds via auction, latest step in managing a massive local debt pile as the government seeks to extend maturities until after October elections.

Central Bank reserves

Government obliges state bodies to convert dollar bonds into pesos

22-03-2023 17:00 State entities are to sell their dollar bonds on the market in return for peso debt bonds issued by the Treasury with the aim of taming surges in the CCL and MEP parallel but legal exchange rates.

MARKETS

Bonds slide after government orders public sector sale

22-03-2023 12:17 Argentina’s sovereign-risk spread over US Treasuries widened as many as 126 basis points on Wednesday to almost 2,500, its widest in four months.

Lithium in Latin America

Argentina asserts lithium-industry ambitions with Chery EV plant

18-02-2023 10:17 Chinese automaker Chery Inc.'s plans to build a US$400-million electric vehicle and battery plant in Argentina underscore the country's intention to turn vast lithium deposits into an employment and investment bonanza.

Cryptocurrencies

Officials seeks solvency proof from crypto firms after FTX collapse

08-02-2023 09:11 Argentina’s government weighing creating new oversight requirements for crypto companies, three months after multi-billion-dollar collapse of FTX exchange.

PRODUCTION

Economists and businesses see a dollar drought on the horizon

03-11-2022 00:34 Private sector fears government's economic team will tighten restrictions on access to hard currency for purchase of inputs, creating a dollar desert drought until March.

Bloomberg

Rio Tinto seeks pitches from bankers for lithium deals in battery metal foray

24-10-2022 12:58 Rio Tinto Group is asking for pitches from some of the biggest investment banks for lithium companies and projects it could buy as the mining giant looks to expand into the key battery metal.

POLITICS

Massa gains ground in energy sector power struggle ahead of IMF talks

11-08-2022 00:03 Sergio Massa removes Energy Secretary Darío Martínez, replacing him with Salta’s Flavia Royón; Power tussle for control of the energy sector finally pans out in the exit of Darío Martínez.

LATIN AMERICA

US-Venezuela business picking up despite punishing sanctions

05-06-2022 12:35 Venezuela's imports of US food and farming products are on the rise, with the private sector driving increased business between the two former partners despite punishing sanctions imposed on Caracas by Washington.

'23A - Tractorazo' protest

Farmers, agricultural producers descend on Buenos Aires to protest

24-04-2022 09:47 Thousands of farmers and agricultural producers descended on Buenos Aires on Saturday to protest against the government's policies.

MINING & ENVIRONMENT

Argentina wants to triple mining exports, despite social conflicts

12-01-2022 22:31 Government introducing new incentives to grow the sector over next decade, but social and environmental organisations warn of impact.

by Javier Lewkowicz, Diálogo Chino

PREVIAJE PROGRAMME

Santa Claus does not exist – but the tourist industry does

07-01-2022 23:08 Tourism & Sports Minister Matías Lammens responds directly to Federico Sturzenegger’s critique of the government's Previaje scheme.

by Matías Lammens

PREVIAJE PROGRAMME

There is no Santa Claus!

07-01-2022 23:06 Former Central Bank governor gives his take on the national government’s Previaje programme.

by Federico Sturzenegger

TOURISM

Tourism experts predict ‘record season’ in Argentina

07-01-2022 22:46 More than 16 million people are expected to travel in the first three months of this year; National government reveals more than 4.5 million tourists used its PreViaje programme in 2021.

ECONOMIC INDICATORS

Tech firms lead job recovery amid company exodus

26-11-2021 15:01 Argentina's tech sector is a bright spot that is creating jobs even as many companies are closing in a hostile business environment.

BOOZE BAN FOR BRAZILIANS?

Uruguayan tourism sweats over Copa Libertadores final alcohol ban

10-11-2021 17:03 Uruguayan lawmakers and workers in the tourism industry call for suspension of alcohol ban, so that football fans can celebrate the Copa Libertadores final in Montevideo with a few beers.

LITHIUM

Lithium's rally isn't slowing as costs rise for electric vehicles, batteries

03-11-2021 07:00 Electric vehicles have lithium booming — and this time, there is no bust in sight.

BUSINESS

Pandemic helps deliver e-commerce boom in Argentina

27-08-2021 21:20 New data from the CACE (Cámara Argentina del Comercio Electrónico) shows invoicing doubled in the first half of the year, reaching 630 billion pesos.

by Lorena Rodríguez