YPF Eyes Lithium Unit Sale

YPF SA aims to streamline investments by potentially selling its lithium division. The move aligns with plans to concentrate on advancing operations in Vaca Muerta, Argentina.

Focus on Vaca Muerta Shale

YPF is focusing its resources on shale development, leading to a strategic review of its business units. This includes potential divestment from YPF Litio, their lithium-focused subsidiary. Such decisions align with the company’s pivot towards oil and gas exploration.

Impact on Argentina’s Lithium Industry

YPF Litio has been significant in Argentina’s lithium triangle. Their involvement in battery production development agreements with global partners like China’s Zijin Mining Group Co highlights the industry’s impact.

Shift in Government’s Energy Strategy

Under President Javier Milei’s administration, YPF’s focus has shifted away from national battery development. Instead, the company is concentrating on enhancing its shale extraction capabilities in Vaca Muerta.

YPF’s Future Plans

YPF’s CEO, Horacio Marín, plans to retain profitable ventures. This includes expanding its operations through agricultural and energy subsidiaries, ensuring robust integration in Argentina’s industrial sectors.

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