Argentina joins China’s Belt and Road initiative, eyes US$23 billion investment

[nang2]

Uh... Ok... So you're telling me they want to lose the value add of processing raw materials into useful engineering materials, and only export raw materials. It is like being OK with exporting crude oil and not diesel or jet fuel, or being OK with exporting iron ore instead of steel.

Wow. You speak for Argentina?

Well, you may want to learn something about the environmental impact with lithium processing, particularly with salar mines that Argentina and Chile have.

 

[FairAndUnbiased]

Well, you may want to learn something about the environmental impact with lithium processing, particularly with salar mines that Argentina and Chile have.

What's the environmental impact of processing?

All the impact I read is about extraction. Once the lithium is extracted into ore form something like 50% of all lithium worldwide is shipped to China to be refined into pure intermediates or pure metal.

Environmental impacts are a funny thing. Oil refining is horribly polluting yet US leads in oil refining, even importing foreign oil to refine if domestic supplies are low. Clearly it is seen as an OK tradeoff.

 

[nang2]

What's the environmental impact of processing?

All the impact I read is about extraction. Once the lithium is extracted into ore form something like 50% of all lithium worldwide is shipped to China to be refined into pure intermediates or pure metal.

Environmental impacts are a funny thing. Oil refining is horribly polluting yet US leads in oil refining, even importing foreign oil to refine if domestic supplies are low. Clearly it is seen as an OK tradeoff.

Yes, there is definitely a trade-off. I am not an Argentinian so it isn't up to me to decide where the trade-off is. They are free to go either way.

 

[SaadH]

their debt is to china and they will be nuked back.

In China's case, US will just close their market to China, which will take a big dent in their exports.

 

[Binod]

 

[Trango Towers]

In China's case, US will just close their market to China, which will take a big dent in their exports.

Somehow I doubt that. Chian is not Afghanistan or Syria or Libya. Everyone owes China money and China's military is powerful

 

[MH.Yang]

vultures don't just have sharp beaks but also have sharp talons. At one time, US and UK teamed up and offered a sizeable loan to Haiti. The American side asked the British side: what if they don't pay? The British side answered: they will with your marines and ours. I hope Chinese marines could make those unpredictable debt swaps predictable.

If we're used to using Marines to solve problems, what's the difference between us and the Anglo Saxons? I don't like your imperialist way of thinking.

If Argentina cannot repay its debt, we can refer to the way Greece and China solve the problem. After being operated by China, Piraeus port has changed from a huge loss to an annual profit of hundreds of millions of dollars. Greece has not only repaid its loans and improved its economy, but also received more port revenue every year.

 

[Beidou2020]

Argentina should be fully supported against Anglo imperialism. This should have been done a long time ago. Malvinas belongs to Argentina.

 

[Hamartia Antidote]

After ww2 this was the richest country and that's why all the nazis went there. Its did exactly what America is doing today. Just time

No, they were actually doing better than the US in 1900 but but when WW! broke out they went downhill and the 1930's depression got them really good and they never recovered. Just a bunch of mindless military regimes (maybe those Nazis) sent them deep into the gutter.

 

[Shotgunner51]

https://twitter.com/x/status/1491108318609539072

 

[Shotgunner51]

Official communiqués report on China agreed to provide Argentina with more than $23.7 billion in financing, of which $14 billion were already approved for 10 infrastructure projects, and the remainder $9.7 billion will be decided for the Belt and Road initiative.

There are three joint Chinese-Argentine projects that were reportedly at the top of Fernández’s list: creating 5G networks, developing Argentina’s lithium industry, and building the Atucha III nuclear power plant.