{"id":1184341,"date":"2023-03-07T10:10:27","date_gmt":"2023-03-07T15:10:27","guid":{"rendered":"https:\/\/bugaluu.com\/news\/swimming-downstream-in-the-lithium-triangle\/1184341\/"},"modified":"2023-03-07T10:10:27","modified_gmt":"2023-03-07T15:10:27","slug":"swimming-downstream-in-the-lithium-triangle","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/swimming-downstream-in-the-lithium-triangle\/1184341\/","title":{"rendered":"Swimming Downstream In The “Lithium Triangle”"},"content":{"rendered":"
\"\"<\/a><\/div>\n

Swimming Downstream In The “Lithium Triangle”<\/span><\/p>\n

\n

Via Global Macro Monitor,<\/em><\/a><\/p>\n

\n

The so-called\u00a0lithium triangle Argentina, Chile, and Bolivia\u00a0account for more than half of global lithium resources, and both Brazil and Argentina have auto-making experience. That could be the basis of a regional electro-mobility platform, she said.\u00a0 <\/em><\/p>\n

\u2013\u00a0Bloomberg<\/a><\/em><\/p>\n<\/blockquote>\n

There\u2019s a big push among many resource-producing nations to move down the supply chain, taking advantage of the near- and re-shoring craze.<\/strong>\u00a0<\/p>\n

Rather than merely supplying the raw materials upstream in the supply chain, for example, the resource producers are looking to move into higher-value-added activities, such as manufacturing batteries, and eventually, the EVs that pack those lithium batteries.<\/p>\n<\/p>\n

Bloomberg reports that the Chinese carmaker\u00a0Chery Inc.<\/a>\u00a0is looking at building a $400 million EV and battery plant in Argentina to secure Andean lithium supplies, which reflects a global trend by resource-rich nations to move away from just being just merely suppliers of the commodities, the inputs into higher valued added downstream products.\u00a0<\/p>\n

On average, EV lithium-ion battery packs contain about 9kg of lithium, one thousand times more than most consumer electronics.<\/p>\n

Lithium miners have been unable to scale supply to the rapidly growing demand as the electric vehicle market evolves.\u00a0 <\/strong><\/p>\n

Adding new capacity online can take 3\u20135 years or more.\u00a0<\/p>\n

The supply deficit has resulted in a huge spike in the price of lithium<\/strong>.\u00a0<\/p>\n

<\/a><\/p>\n

Annual lithium demand is expected to reach roughly 3.0 million metric tons of lithium carbonate by 2030, of which EVs could account for over 80 percent of the total demand.<\/p>\n

The\u00a0U.S. Geological Survey<\/u><\/a>\u00a0(USGS), estimates Mother Earth holds 88 million tonnes of lithium, of which one-quarter is economically viable to mine, known as \u201creserves.\u201d\u00a0<\/strong><\/p>\n

\"\"<\/a><\/p>\n

Total reserves of lithium should increase as technology improves. <\/strong>The USGS estimated only 13 million tonnes just a decade ago.<\/p>\n

A rough approximation by\u00a0Popular Mechanics<\/a>\u00a0estimates that 22 million tonnes of lithium could produce 2.8 billion EVs\u00a0<\/p>\n

\"\"<\/a><\/p>\n

We smell big supply deficits of lithium for many years to come but innovation, as always, offers us hope.\u00a0<\/strong><\/p>\n

Watch this space.<\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nTue, 03\/07\/2023 – 13:50<\/span><\/p>\n

From:Zerohedge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Swimming Downstream In The “Lithium Triangle” Via Global Macro Monitor, The so-called\u00a0lithium triangle Argentina, Chile, and Bolivia\u00a0account for more than half of global lithium resources,…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1184341","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1184341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1184341"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1184341\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1184341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1184341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1184341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}