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Tibet Summit to invest US$180M for lithium plant in Argentina

Tibet Summit Resources Co. Ltd. plans to invest US$180 million to build a lithium carbonate plant in the Salar de Diablillos salt flat in Argentina, reported Aug. 4.

Construction is scheduled to start in 2020, with the plant producing 25,000 tonnes of mineral at the start of operations the following year. The project is expected to create 400 direct and indirect jobs, the report said.

Tibet Summit made the pledge during a meeting attended by provincial ministers of Salta, company executives and representatives from its recently acquired Potasio y Litio de Argentina SA, according to the report.