Milei effect: Argentina overtakes Chile and consolidates its position as the world's second largest lithium exporter

Milei effect: Argentina overtakes Chile and consolidates its position as the world's second largest lithium exporter
Argentina overtakes Chile and consolidates its position as the world's second largest lithium exporter

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Argentina overtook Chile and became the world's second largest lithium exporter in 2026.

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Global demand driven by technology and artificial intelligence

The increase in global demand explains much of the growth. The expansion of artificial intelligence and electric vehicles boosted battery consumption

.

These technologies rely on lithium. This places Argentina at the center of a strategic value chain

.

The country thus becomes a key partner in ensuring global energy supply.

Regional development and NOA growth

The impact of lithium is not limited to exports. It also boosts regional economies

.

In provinces such as Salta, Jujuy and Catamarca, a network of technology providers was created.

This diversifies the economy. In addition, it creates employment and new opportunities for exporting services.

A structural change in the Argentine economy

The advance of lithium marks a turning point. Argentina now occupies a central place in the global market.

The mining sector is leading growth in Latin America. It also contributes to a trade surplus that hasn't been seen in years.

The challenge now is to sustain this growth. Maintaining clear rules and stability will be key to consolidating this leadership.


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Argentina achieved historic progress in the global market. During the first quarter of 2026, it surpassed Chile and positioned itself as the world's second largest lithium exporter

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The jump responds to the entry into operation of new projects in the Puna region. This marked a structural change in the country's productive matrix

.

Growth driven by international investment

The development of the sector was made possible by foreign investment. Companies such as Rio Tinto and Ganfeng Lithium led this process

.

Production capacity grew by 45% compared to the previous year. This made it possible to increase the volume exported and to improve competitiveness

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Capital flow was also aided by more stable rules of the game. This factor was key to attracting long-term investments.

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Lithium as an engine of currency and stability

The growth of lithium has a direct impact on the economy. It became a key source of foreign exchange income.

This strengthens the reserves of the Central Bank. It also brings predictability to economic policy

.

Unlike other sectors, lithium shows lower seasonality. This allows for a constant inflow of dollars.