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Over-valued lithium mine in Argentina sold for a song

Lithium mining company Lithea, once valued at US$1.4 billion, has recently been sold for US$44 million

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A salt flat - an important source of lithium - in Argentina. A mine high in the Andes in north-western Argentina has captured the imagination of investors, but has yet to produce even an ounce of lithium.

Washington

HIGH in the Andes, in northwest Argentina, stories are told of fortunes being made in lithium, the wonder metal inside everything from iPhones to Teslas that has captivated global investors from Warren Buffett down.

This is not one of those stories.

It begins in

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