South American countries Argentina, Chile, Bolivia and Brazil are planning to form a lithium cartel to turn more of their mined lithium into batteries and get involved in the electric vehicles (EVs) manufacturing sector.
The said countries are looking to emulate similar schemes, such as the Organization of the Petroleum Exporting Countries (OPEC), with regard to organizing production flows, pricing and good practices.
Argentina, Chile and Bolivia have been talking about it since July last year, when foreign ministers of each nation gathered at the Community of Latin American and Caribbean States (CELAC) conference in Buenos Aires.
The three nations form the so-called lithium triangle, which has about 65 percent of the world’s known resources of lithium and reached 29.5 percent of world production in 2020.While Brazil’s lithium sector is relatively new, the country has the automaking experience and it is already an international case study in […]
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