Over the past two decades, Chile has been a place where businesses can operate in a regulatory environment shaped by steady and fair rules, while Argentina’s extensive regulations on prices, taxes and capital controls have made business difficult. However, when it comes to the lithium industry, that narrative has just been flipped.
Last Friday, Argentine President Alberto Fernandez announced he would not seek reelection, leaving the country’s wide-open presidential race even more uncertain. Both the Peronist camp and the center-right opposition are now without a clear candidate, but whoever becomes Argentina’s next president will have their work cut out for them.
Argentine President Alberto Fernandez’s recent address to the nation, in which he was expected to roll out his proposed policies to address the country’s economic crisis ahead of elections later this year, did not go as planned. The speech was poorly received and represented a missed opportunity to reshape the political narrative.