Peru advances in the search for lithium | AméricaEconomía
The Minem specialist indicated that Peru is in the stage of probable reserves, especially in the southern area (departments of Puno, Tacna, Moquegua, Arequipa and
The Minem specialist indicated that Peru is in the stage of probable reserves, especially in the southern area (departments of Puno, Tacna, Moquegua, Arequipa and
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Peru is not currently a lithium producer. However, the various prospecting projects underway in the Puno region offer a potentially promising future, given the high global demand for this product as a raw material, mainly for the manufacture of batteries.
the need to define the national policy on lithium in Peru. Besides the uncertainty about possible new lithium regulations, there also exists uncertainty about the current Peruvian political situation, which might jeopardise the future exploitation of the deposit. Peru is not currently a lithium producer.
Peru’s hard rock reserves are located in remote regions, which creates another difficulty for lithium extraction. Transporting the rock to processing plants becomes challenging as well as expensive as a result. Numerous companies are developing alternatives to lithium extraction from Peruvian hard rock deposits, despite the difficulties.
The Peruvian government declared in April 2023 that it would allow American Lithium Corp. to conduct lithium exploration in a new region close to the Falchani mine. In addition, a new lithium mining law is being developed by the government and is anticipated to be passed in 2024.