According to data from the Argentine Mining Bureau, Argentina's growing lithium industry reached an all-time high, with exports rising to US $60 million in May, up 17% from the same month last year. Argentina has become the fastest growing lithium producer in the world. It has three active lithium mines and 38 are under development. From January to May, Argentine lithium exports rose to US $369 million, an increase of 84 per cent over the same period last year and the highest in the first five months in history, according to the Mining Bureau.