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Argentina sees boom in lithium production as Chile tightens control

April 27, 2023 -

The projects are soon to go online in the mountainous north of Argentina, the world's fourth-largest producer of lithium, a silvery-white metal. It has been luring investments from Canadian and Chinese mining firms with a regional and market-led model.

Its neighbor Chile, which is the region's top lithium producer, recently announced its plans for a state-led public-private model, which has scared some investors. Another neighbor, Bolivia, has long retained strong ...

Argentina on brink of collapse as currency fails, leaving country nearly broke

May 14, 2023 -

As per Buenos Aires-based consulting firm 1816 Economia & Estrategia, the South American nation has already depleted all of its available liquid international reserves, along with an additional estimated $1 billion. This situation further intensifies the challenges faced by the country, as it deals with a historic drought and the looming prospect of a recession, Bloomberg News reported this week.

With limited available cash reserves, concerns are emerging regarding the government's ...

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Protesters in Argentina force Monsanto to destroy GMO seed manufacturing plant

Argentine farmers dismantle Monsanto facility in act of defiance, refuse to continue being poisoned

Monsanto's devastation of health and environment in Argentina documented in heart-rending photos

Argentina's citizens block construction of Monsanto GMO plant, fight to protect sanctity of seeds and food against ...

Argentina halts all soy exports as food protectionism escalates

March 16, 2022 -

One of the world's largest producers of soy (much of it genetically modified), Argentina has decided to halt all exports of soybean meal and oil, which are used as cheap fillers to produce processed junk food.

A memo signed by Javier Preciado Patino, Argentina's secretary for agriculture markets, explained that in order to increase control over local farm goods for protectionist purposes, his country will be holding on to its soy products for the time ...

Argentina, Iran apply to join BRICS group of emerging economies

June 29, 2022 -

BRICS is made up of Brazil, Russia, India, China and South Africa. British Economist Jim O'Neill first coined the term in 2001 in his "Building Better Economic BRICs" study. South Africa later joined the bloc in 2010, which added the letter "S" to the group's acronym.

Saeed Khatibzadeh, spokesman for the Iranian Ministry of Foreign Affairs, said Tehran has already had "a series of consultations" with BRICS about its application. He lauded the group's "very creative mechanism ...

Argentina launches new vaccine mandate for passports, licenses and more

January 24, 2019 -

Make no mistake, vaccine mandates have nothing to do with public health initiatives, and everything to do with Big Government ensuring you are a compliant member of the flock.Argentina launches ludicrous vaccine mandate

As Robert Scott Bell reports, Argentina's Senate approved a law that would establish citizens' obligation to be vaccinated against "vaccine-preventable" diseases in order to have access to a number of basic essentials. The law reportedly ...

Move over USD: Argentina uses Chinese yuan to settle IMF debt

July 19, 2023 -

IMF spokesperson Julie Kozack confirmed on Thursday, July 13, that Argentina paid the IMF in Chinese yuan worth the equivalent of $1.1 billion, with a further $1.7 billion of its matured debt to the IMF disbursed in Special Drawing Rights. (Related: DE-DOLLARIZATION: China now uses the yuan for cross-border transactions more than it uses the US dollar.)

SDRs are reserve assets made up of a basket of the world's main currencies. It is considered the IMF's main currency ...

Turkey and Argentina turn to crypto amid record-breaking inflation and crumbling currencies

May 05, 2023 -

According to audience research company GWI, ownership of digital currencies in Turkey was the highest in the world at 27.1 percent, followed by Argentina at 23.5 percent, which is well above the global crypto ownership rate estimated at 11.9 percent.

Both countries are submerged in the ongoing record-breaking inflation, which has led to crumbling currencies and capital controls to deter local residents from taking money out. Turkey's annual inflation was 50.51 percent ...

Argentina bans beef exports in attempt to control record-high levels of food inflation

September 13, 2021 -

According to a statement released by the country's Ministry of Productive Development, this decision was first announced when President Alberto Fernandez spoke with representatives of one of the country's key beef export associations. He told them that they will not be allowed to sell beef products abroad for 30 days. While the proposed ban was announced on Monday, Fernandez did not set a date for when it will start.

"The president expressed his concern over the sustained ...

Brazil and Argentina discuss common currency for financial, commercial transactions that avoiding using the US dollar

January 25, 2023 -

Brazilian President Luiz Inacio Lula da Silva and Argentinian President Alberto Fernandez shared details about the common currency talks in a jointly-written article. The piece published in the website of the tabloid Perfil explained that a shared currency could reduce "external vulnerabilities."

"We intend to overcome the barriers to our exchanges, simplify and modernize the rules and encourage the use of local currencies," the two presidents noted. "We also decided ...

South American countries planning to create LITHIUM CARTEL

March 12, 2023 -

The said countries are looking to emulate similar schemes, such as the Organization of the Petroleum Exporting Countries (OPEC), with regard to organizing production flows, pricing and good practices.

Argentina, Chile and Bolivia have been talking about it since July last year, when foreign ministers of each nation gathered at the Community of Latin American and Caribbean States (CELAC) conference in Buenos Aires.

The three nations form the so-called lithium ...

China trying to STARVE the world by destroying other nations’ ability to fish and feed themselves

July 21, 2023 -

Circulating satellite photos show a massive Chinese-owned "floating city" out in the water off the coast of Argentina. Said floating city is larger than the entirety of Washington, D.C. – and because it sits beyond the 200th nautical mile from Argentina's coast, it is technically within the bounds of the law for international waters.

The purpose of China's floating city is to legally fish Argentina's waters for fish and other seafood products ...

IMF hints that countries will soon be able to repay debt using Chinese YUAN currency

July 21, 2023 -

IMF spokesperson Julie Kozack confirmed that Argentina paid off $1.1 billion of its $2.7 billion debt using the yuan, and that it may soon become the norm for other countries to do the same.

"As we have stated in the past, the Argentine authorities continue to remain current on their financial obligations to the IMF," Kozack said at a press briefing.

"The RMB is one of the five freely usable currencies that members can and have used to settle their obligations ...

Frontrunner in Argentina’s presidential elections calls China an “assassin,” points to the country’s LACK OF FREEDOM

a month ago -

He made this remark during an interview following his unexpected victory at the South American nation's Aug. 13 primary elections. The conservative-leaning Milei shook the country's political establishment after receiving more votes than the ruling Peronist coalition and a pro-business opposition bloc. If the independent Milei gets elected as president in October, it would generate shock waves across a region largely ruled by leftist leaders.

Milei told Bloomberg News on ...

Dollar DEMISE: Yuan overtakes dollar in China’s cross-border payments

April 28, 2023 -

Cross-border payments and receipts in yuan surged from the equivalent of $434.5 billion in February to a record $549.9 billion in March, according to calculations by SAFE.

The Chinese currency was used in 48.4 percent of all cross-border transactions, reflecting a trend of shifting away from the dollar, as well as Beijing's efforts to promote the use of the yuan. Moreover, the share of the greenback in China's international settlements dropped from 48.6 percent in February ...