With the growing demand for lithium worldwide, South American lithium reserves are key in ensuring that this demand is met.
Lithium is a vital component in the global energy transition, powering electric vehicles and storing renewable energy. South America holds the majority of the world’s identified lithium reserves, making it a crucial player in meeting the growing demand for this critical resource. With Chile leading commercial production and Argentina and Bolivia forming part of the ‘Lithium Triangle,’ these countries are at the forefront of lithium production.
However, deriving significant profits from lithium production is challenging due to the lengthy value chain that creates batteries, with most of the profits going to Asian-based battery manufacturers.
To overcome this challenge, South American countries must invest in localising more of the value chain to derive substantial benefits from their natural resources.
This article will explore how South America can play a key role in shaping a sustainable future by harnessing its vast lithium reserves and investing in localising more of the value chain to reap maximum benefits from this critical resource.
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