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The situation in Bolivia probably had a significant effect. There's lots of lithium mines there. The new (read: coup) government knows this I'm sure and is loo
by uoaei 7y ago
The situation in Bolivia probably had a significant effect.
There's lots of lithium mines there. The new (read: coup) government knows this I'm sure and is looking to get rich off of it at the expense of the indigenous population.
- sek 7y agohttps://en.wikipedia.org/wiki/List_of_countries_by_lithium_production https://en.wikipedia.org/wiki/List_of_countries_by_lithium_p... Right now Bolivia only has huge reserves. You also have to be able to extract it efficiently. Look at Venezuela, their reserves are huge but their oil is much more difficult to extract. Also the lithium market is complex, there are many different grades. The impact of raw lithium price on battery prices are just ~30%. So the current political situation has probably no effect at all.
- uoaei 7y agoAh, I was mistaken. I thought they were extracting it.
- jiofih 7y agoBolívia produces ~0.2% of lithium today. It’s not even in the top 10 for reserves (US, Mexico, Australia). There is no way it can have an impact on global prices unless they ramp up production by > 100x.