Lithium triangle enjoys its moment in the sun


Source: afr.com afr.com

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Argentina, however, is gaining fast as decentralised licensing and regulation, and relatively low taxes, attract a steady flow of international capital. Just last week, mining giant Rio Tinto signed a memorandum of understanding with Ford to supply the carmaker with battery-grade lithium from its brine project in Argentina’s Salta Province. Similarly, Australia’s Allkem, the result of a 2021 merger between Galaxy Resources and Orocobre, has three lithium operations in north-western Argentina. Bolivia, too, has vast untapped reserves - centred around Salar de Uyuni, the world’s largest salt flat - but the same political chaos, lack of industry expertise and regulatory...