South America looks at creating “lithium OPEC”

Argentina talks up 'Lithium OPEC' with Chile, Bolivia and Brazil via CeciliaJamasmie PDAC

Argentina, Chile, Bolivia and Brazil are analyzing the creation of a lithium cartel of sorts in charge of expanding South America’s processing capacity, turning more of their mined lithium into batteries and tapping into the electric vehicles manufacturing sector.

The three countries make up the so-called lithium triangle, which has about 65% of the world’s known resources of lithium and reached 29.5% of world production in 2020. With Sigma Lithium coming into the mix with the opening of its Grota do Cirilo lithium mine in April, Brazil will have one of the few companies globally that has proven its ability to produce lithium in an environmentally sustainable manner.

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