Profits repatriation from lithium mining is tax-free, and a 10% tax credit is available for exports. Additionally, Paraguay's extensive waterways, notably the Paraguay and Paraná rivers, facilitate crucial access to major ports, enhancing global connectivity.
The Chaco Basin demonstrates many of the same characteristics as South America’s premier lithium brine producing regions, though it is historically under-explored for critical metals. Paraguay offers advantageous geopolitical, financial, tax, and security conditions for mining compared to its neighbors, Chile, Argentina, and Bolivia.
The Company is actively exploring a ~2.0M ha provincial-scale land package of the most highly-prospective areas for lithium brines in Paraguay’s Chaco Basin.Chaco Minerals is pursing sustainable exploration and business practices in line with leading industry ESG standards.
According to the KPMG study, Argentina is the country in Latin America that, at first glance, shows better prospects to guarantee the region’s leading role in the lithium market, “even if Brazil presents greater economic stability and a more favorable business environment”.
Paraguay offers advantageous geopolitical, financial, tax, and security conditions for mining compared to its neighbors, Chile, Argentina, and Bolivia. The country's tax laws exempt exploration sales tax and grant a 5-year corporate tax holiday, followed by a 10% rate thereafter.
Fernandes pointed out that this should change, as China and Russia have committed to accelerating lithium carbonate production in the Andean country, with investments of more than $1 billion. Within the fierce global competition, Sigma Lithium ( SGML) CEO Ana Cabral-Gardner noted that the raw material itself is not rare.
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Paraguay Lithium Ion Battery Market (2024-2030) | Outlook, Growth, Forecast, Companies, …
Paraguay: Prospective Geology for Lithium Bearing Hard Rock Paraguay is one of Latin America''s most stable markets with a recent history of consistent growth and a pro-business government highly encouraging of foreign investment.
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