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Elon Musk looking to invest in lithium hub Argentina

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Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.  REUTERS/David Swanson/File Photo
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. — REUTERS/David Swanson/File Photo

Elon Musk, the CEO of Tesla and SpaceX, said in a post on X on Tuesday that his companies were looking for ways to invest in Argentina and support the South American nation.

Argentina is the world’s fourth-largest producer of lithium, a critical component of electric vehicle batteries.

Musk has previously showed admiration for Argentine President Javier Milei’s libertarian politics and his full-throated embrace of private enterprise. The billionaire hosted Milei at a Tesla factory in Austin, Texas, in April.

“My companies are actively looking for ways to invest in and support Argentina,” said Musk, whose companies also include brain-chip startup Neuralink and artificial intelligence firm xAI.

(Reporting by Kanjyik Ghosh; Editing by Janane Venkatraman)

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