Balance de las relaciones sino latinoamericanas en 2024

China and Latin America: Navigating Growth and Frictions in 2024

Through significant investments, trade agreements, and increasing interest in strategic sectors such as infrastructure, mining, and technology, China expanded its influence, generating both opportunities and tensions across various fronts.

Nicaragua grants new mining licence to Chinese company

The Nicaraguan government has granted a new mining concession to the Chinese company Xinjiang Xinxin Mining Industry for a 483-hectare open-pit mine.

China seeks to expand its presence in Argentina with investment in lithium and wind energy

China has increased its investment in Argentinian lithium with the acquisition of a substantial percentage of a mine, and is looking to invest in the wind energy sector.

China invests over US$11 billion in Peruvian mining projects

China leads mining investments in Peru with a total investment of over US$11 billion in seven different projects.

Chinese multinational sues Colombia for lack of protection at gold mine

The Zijin Mining Group is taking Colombia to the ICSID for the lack of safety at the Buriticá mine.

China Tianqi seeks to increase its participation in Chilean lithium exploitation

The Chinese company Tianqi Lithium has released a statement anticipating significant transformations in the lithium industry in Chile. This forecast implies a shift from a market previously dominated by SQM and Albemarle to a more diversified environment with the entry of new global competitors. Tianqi, which holds a 22.16% equity stake in SQM, highlights the growth of new players in the lithium industry in Chile and expects this trend to continue in the coming years.

Chinese mining in Bolivia

Chinese mining companies are able to act intensively. The effects of this activity have been experienced mainly at social and environmental levels in Bolivia.

Chinese mining consortium enters into $480 million dispute against Ecuadorian government

In 2018, shortly after production began at the Rio Blanco mine owned by Ecuagoldmining, activists demanded the right to be consulted on continued operations. They subsequently obtained a court order to halt operations.

Argentine province signs new strategic agreement with PowerChina

Governor of Tierra del Fuego (Argentina) Gustavo Melella signed a strategic agreement for the development of energy projects in Patagonia with Tu Shuipin, representative of PowerChina Energy in Argentina.

Argentina seeks new investments in the People’s Republic of China with its own mining model

Sabino Vaca Narvaja, Argentina’s current ambassador to China, stated at the China Mining fair that the Argentine government’s objective is for the country “to have its own mining model, with clear rules, predictability and legal security for large long-term investments from China.”

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