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Chile is small producer Biggest one in that region is Argentina, and the US has been sanctioning them a lot lately, to the point where their country reached 3
by WhereIsTheTruth 3y ago
Chile is small producer
Biggest one in that region is Argentina, and the US has been sanctioning them a lot lately, to the point where their country reached 3 digit increased inflation, 3 digits!
So I suspect this is all done on purpose to further lower the price of lithium (corroborated with the lithium price in the global market, fishy fishy) so the US can have their green transition at lower cost, it's a sad era for South Americas yet again..
This nationalization is a step in the right direction, but that doesn't matter if it ends up in the hands of foreign countries for cheap...
They should keep the lithium for themselves, manufacture batteries themselves and sell them with very high margins, if they don't do that, then something is fishy in the Chile/Argentina government..
- rapsey 3y ago> Chile is small producer Huh? Second largest producer with by far the largest reserves. https://www.volkswagenag.com/en/news/stories/2020/03/lithium-mining-what-you-should-know-about-the-contentious-issue.html https://www.volkswagenag.com/en/news/stories/2020/03/lithium...
- WhereIsTheTruth 3y agoThanks for correcting me, my memory failed me
- jeffbee 3y agoThat chart seems to significantly understate USA reserves. What I heard is that just two sites, Salton Sea and Thacker Pass, amount to more than 50 million tonnes of reserves, plus significant deposits elsewhere.
- santiagobasulto 3y agoI'm from Argentina, I don't think the 3 digit inflation is due to any US sanctions :)
- chihuahua 3y agoHere on HN, everthing is the fault of the USA.
- WhereIsTheTruth 3y agoWell, the US has a record history of doing shady things in South America, then you have things like this: https://www.csis.org/analysis/south-americas-lithium-triangle-opportunities-biden-administration https://www.csis.org/analysis/south-americas-lithium-triangl... "opportunities"
- randomopining 3y agoObviously don't have the technology to manufacture the whole chain themselves or they would do that, right? That's why they need to partially auction stuff off to outsiders.
- deleted 3y ago[deleted]
- _Parfait_ 3y agoWhat sanctions does the US have on Argentina?? Please don't tell me you don't know the difference between Argentina and Venezuela.
- topkai22 3y agoYeah, I did a quick search and the only relevant results I could find are a sanction against a drug trafficking firm, sanctions related to the falklands war from the 1980s (that have long since lapsed) and a proposed bill (which probably won’t make it out of committee) requesting sanctions on just the president and her immediate family.