Argentine Minister of Economy Sergio T. Massa and Argentine Ambassador of China Sabino Vaca Narvaja visited Tsingshan Industry on May 31st. Chairman Xiang Guangda and John Li(President Director of Tsingshan South America Lithium Resources Development Co., Ltd.) warmly welcomed them.

At the meeting, Chairman Xiang Guangda briefly introduced the development process and global layout of the Tsingshan Industry. He mentioned that Tsingshan Industry has been actively responding to China’s Belt and Road Initiative, continoulsy implementing the Going Global Strategy, driving and promoting the economic development of local society. Tsingshan Industry has always been promoting project construction with the principle of “greater, faster, better and more economical results”. Tsingshan Industry attaches great importance to the construction of the industrial chain and has established a comprehensive Industry park with complete nickel resource processing and utilization in Indonesia, attracting many excellent enterprises to settle in.

Minister Sergio T. Massa mentioned that Argentina has abundant mineral resources and welcomes Tsingshan Industry to carry out projects in Argentina. He hopes enterprises can thrive in Argentina while driving employment and economic development in the surrounding areas, constantly improving public services and supporting infrastructure construction, and actively fulfilling corporate social.

President Director John Li mentioned that Tsingshan’s Phase I and Phase II projects located in Argentina would be put into operation one after another. Tsingshan and Eramet confirmed a total of planned investment of over USD 1.7 billion in Argentina. After completing the project, Tsingshan Industry will continue to increase its investment in Argentina. During the project construction period, it is hoped that the Argentine Economic Ministry, the Central Bank, the Mining Ministry, and other government ministries will provide sufficient external support to ensure the project is completed and put into operation faster.The success of Tsingshan’s project in Argentina in the future can also lead a large number of enterprises to invest in Argentina, which plays a vital role in promoting employment, increasing foreign exchange income, and improving people’s livelihoods in Argentina. At the same time, he also hopes that the Argentine government can further introduce more policies and measures related to investment promotion and investment, creating a more attractive and competitive investment environment.

Subsequently, the group visited the Tsingshan Industry’s Exhibition Hall and watched corporate promotional videos.