EXAR

EXAR, an Argentinian leader in battery-grade lithium carbonate, operates the Cauchari-Olaroz project in Jujuy with a 40,000-ton annual capacity. Backed by Ganfeng Lithium and partners, EXAR supports renewable energy and electric mobility through sustainable, high-purity lithium production.

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EXAR is an innovative Argentinian company specializing in the development and production of battery-grade lithium carbonate. Established through a collaboration between Ganfeng Lithium, Lithium Argentina, and Jujuy Energía y Minería Sociedad del Estado (JEMSE), the company operates the Cauchari-Olaroz project in Argentina’s Jujuy province. With an anticipated annual production capacity of 40,000 tons of lithium carbonate, EXAR plays a critical role in supporting the global shift toward renewable energy and electric mobility.

Since commencing production in June 2023, EXAR has become a significant contributor to the local economy, creating over 2,000 direct and indirect jobs. The company is committed to sustainable development, implementing practices that protect the environment and respect cultural diversity. By focusing on responsible lithium extraction and production, EXAR is helping Argentina strengthen its position as a major player in the global lithium market while fostering regional economic and social growth.

Battery Technology

EXAR specializes in the production of high-purity lithium carbonate, a critical material for manufacturing lithium-ion batteries used in electric vehicles and renewable energy storage systems. The company’s operations at the Cauchari-Olaroz project are designed to meet the growing global demand for battery-grade lithium carbonate, which is essential for producing efficient and long-lasting batteries.

The Cauchari-Olaroz project utilizes advanced extraction and processing techniques to ensure the highest quality of lithium carbonate. By employing environmentally responsible methods, EXAR minimizes its ecological footprint while maximizing resource efficiency. The company’s lithium carbonate is processed to meet stringent industry standards, ensuring compatibility with various battery chemistries used in electric vehicles and energy storage applications.

EXAR’s focus on sustainable production aligns with the increasing demand for ethically sourced lithium, a critical component in the transition to cleaner energy solutions. By providing high-quality lithium carbonate, the company supports the development of next-generation batteries that are safer, more efficient, and environmentally friendly.

Recent Projects

In 2023, EXAR achieved a significant milestone by beginning production at the Cauchari-Olaroz project. This marked the start of operations for one of the largest lithium projects in Argentina, with an initial production target of 20,000 to 25,000 tons of battery-grade lithium carbonate in its first year.

The company has also focused on expanding its infrastructure and workforce to support sustained production. With an investment of nearly $1 billion, the Cauchari-Olaroz project has created substantial employment opportunities in the Jujuy province. EXAR continues to explore new initiatives to enhance production efficiency and reduce environmental impact, positioning itself as a leader in sustainable lithium extraction.

Investors

EXAR is backed by a strong consortium of industry leaders, including Ganfeng Lithium, one of the world’s largest lithium producers, Lithium Argentina, and Jujuy Energía y Minería Sociedad del Estado (JEMSE). These strategic partnerships provide the company with the technical expertise and financial resources needed to develop and operate its projects at scale.

The collaboration between these entities ensures that EXAR remains at the forefront of lithium production, leveraging shared knowledge and best practices to achieve operational excellence. This support has been instrumental in advancing the Cauchari-Olaroz project and establishing EXAR as a key contributor to the global lithium supply chain.