Argentina: the new Saudi Arabia of the "Lithium Triangle"
By: Aldo Leporati
There will be nothing more explosive on the commodities market over the next few years than lithium. Tesla already has some 330,000 orders for its Model 3 electric vehicle—100,000 of which it has promised to deliver by the end of 2017 —and securing lithium supplies has never been more critical.
Lithium isn't scarce, but it is a race to the finish to see who will develop new supply first, and one of the hottest arenas is Argentina, in the heart of Latin America's "Lithium Triangle" which boast the world's largest reserves of the mineral.
Right now, some 90% of global lithium production is controlled by 4 players: Albemarle, FMC, SQM (Sociedad Quimica y Minera de Chile) and Chinese Sichuan Tianqi. And the 3 reasons to keep a close eye in the lithium race in the zone, and especially in Argentina are:
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