Argentina’s Mining Exports Achieve Record Levels in Early 2025
Argentina’s mineral exports reached a record US$782 million in early 2025, with February exports totaling US$337 million. The growth includes a notable 9.8% increase year-on-year for February and 44.7% for the two-month total. Metallic minerals and lithium are the leading contributors, with key export markets including Switzerland, China, the United States, and Canada.
In early 2025, Argentina’s mineral exports reached a significant milestone, totaling US$337 million in February and accumulating to US$782 million for the first two months. These figures indicate that mining product shipments constituted 6.5% of total exports for February and 7.2% for the year-to-date, marking a noteworthy contribution to the country’s economy.
February’s performance represents a 9.8% increase year-on-year, while the accumulated figure for 2025 demonstrates an impressive 44.7% growth compared to previous years. This surge indicates that mining exports have achieved their highest historical level for this period, surpassing the previous record of US$692 million set in 2015.
Metallic minerals were the leading contributors to mining exports in February, amounting to US$260 million and reflecting a 7.9% year-on-year rise. This category comprised 77% of total exports, prominently featuring gold, which accounted for US$208 million (62%). Silver, as the second largest contributor, totaled US$45 million, while other metallic minerals such as lead contributed US$7 million.
The increase in gold exports was supported by strengthening international prices, leading to a value rise of 4.7% year-on-year. Silver exports increased as well, with a 19.6% rise attributed to enhanced prices and greater export volumes. For the January-February 2025 period, metallic minerals amassed US$638 million in exports with a noteworthy year-on-year growth of 52.4%.
Lithium exports also exhibited robust growth, reaching US$66 million in February—marking a 22.8% increase from the previous year—and totaling US$121 million in the first two months with a growth rate of 22.5%. This sector constituted 15.4% of total mining exports, driven by a striking 46.5% increase in exported volumes.
Argentina’s primary markets for mining exports in February included Switzerland, China, the United States, and Canada, which collectively accounted for 83% of total exports. In the year-to-date analysis, this share increased to 85%. Metallic minerals constituted 79% of sales to these markets in February.
China and the United States led the lithium import market, comprising 87% of imports in February. China notably increased its share of imports by 27% year-on-year, while the United States experienced a decline of 30%. Argentina’s mining export growth in early 2025 highlights the sector’s resilience against global demand fluctuations, particularly for precious metals and lithium.
The early months of 2025 have marked a remarkable period for Argentina’s mining exports, reflecting significant growth in both value and volume. With precious metals such as gold and silver leading the way, alongside lithium exports gaining momentum, Argentina is solidifying its status as a critical player in the global mining industry. This growth not only indicates a strengthening sector but also enhances its role as a vital component of the nation’s foreign trade framework.
Original Source: www.panorama-minero.com
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