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Lithium Triangle[1]. "a region of the Andes that is rich in lithium reserves, encompassed by the borders of Argentina, Bolivia, and Chile.[1] The lithium in the
by tuatoru 4y ago
Lithium Triangle[1]. "a region of the Andes that is rich in lithium reserves, encompassed by the borders of Argentina, Bolivia, and Chile.[1] The lithium in the triangle is concentrated in various salt pans that exist along the Atacama Desert and neighboring arid areas, the largest areas including Salar de Uyuni in Bolivia, Salar de Atacama in Chile, and Salar del Hombre Muerto in Argentina.
The area is thought to hold around 54% of the world's lithium reserves."
Well, not any more maybe. A large lithium deposit has been dis-covered in Iran as the internationalbanker article notes. (Unusal hyphenation of discovered intentional: it was uncovered, made more widely known, rather than found for the first time ever.) Now that it's in demand, no doubt there are many more deposits of lithium waiting for the limelight.
Wikipedia continues: "By one estimate Argentina could displace Chile as the second largest lithium producer by 2027.[3] Similarly, there are estimates the posits [sic] Argentina producing 16% of the World's lithium by 2030, instead of 6% as in 2021.[3] Low royalty payments when compared to Chile are cited by The Economist as a particular advantage.[3]"
1. https://en.wikipedia.org/wiki/Lithium_Triangle https://en.wikipedia.org/wiki/Lithium_Triangle
- euroderf 4y agoPurraps a bit like oil ? Reserves depend on prices ?
- odood 4y agoAnd Chile government is making moves towards being more involved in new deals. Not quite nationalization, but...
- rmm 4y agoIran is not a reserve it may well be a resource but a long way from being a Jorc etc reserve. Also that lithium triangle is still a historic artefact of lithiums previous life as a really good lubricant and anti depressant. Given lithiums importance these days, more and more hard rock deposits will be found. For the xth time in yth year There is no lithium shortage. Up until a decade ago we weren’t even looking for it. Now that there is money to be had we will find it.
- rapsey 4y agoA huge factor is accessibility of reserves. Often new discoveries are so remote and inaccessible that they are completely unrealistic to be producing within the next 10/20 years. I think both Iran and Argentina fall into this category.