Recently, the international price of lithium carbonate plummeted, as a lithium mining country in Argentina by a huge impact. Last year, the price of a ton of lithium carbonate up to 80,909 U.S. dollars, now only 10,483 U.S. dollars, mainly due to market oversupply. In the face of difficulties, Argentine mining companies have to save themselves, some suspended part of the business and layoffs, some slow down the speed of project construction, and some sell non-core assets. But they did not admit defeat, convinced that the market downturn is temporary and long-term demand will still grow. The Argentine government has also acted positively, the introduction of large-scale investment incentive system rules, tax, customs and foreign exchange concessions to attract more foreign investment. Despite the current downturn in lithium prices, but the future of Argentina's lithium mining industry is not all bleak, experts expect that if things go well, Argentina's lithium production is expected to catch up with Chile in the next decade. In short, Argentina's lithium mining industry is facing a lot of difficulties, but mining companies and the government are actively responding to the future recovery for the accumulation of strength, looking forward to its nirvana rebirth in the crisis.