Extractivism is a concept that has enjoyed a wide diffusion in Latin America over recent years in order to renew a critique of developmentalism and at the same time to come to grips with the region’s insertion in the global commodities market. I will try to broaden the concept of extractivism along three lines of investigation: 1) the neo-extractivist form of contemporary economies in the region and its organic relationship to consumption and finance; 2) the necessity of expanding the concept of extractivism to go beyond its sectorial limitation to the extraction of raw materials; 3) the relation between this expansion and the expansion of the margins of valorization, to understand the crucial roles played by territories, feminist struggles and popular economies in the urban peripheries in this new moment of accumulation.