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Argentina considers OPEC-like deal for lithium
July 1, 2011
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BUENOS AIRES — Argentina is promoting the idea of an OPEC-like cartel for itself, Bolivia and Chile, which together control 85 percent of the world’s reserves of lithium, a key component in electric car batteries.
“In the near future and with our production at such a high level, Bolivia, Argentina and Chile will control the lithium market,” said Rodolfo Tecchi, the director of the technology and science promotion division of the Argentine Ministry of Science and Technology.
“They could do it with a sort of OPEC-like arrangement,” he added.
The three countries, which Forbes magazine calls the “Saudi Arabia of lithium,” would establish “control mechanisms for the sale of lithium carbonate, avoiding Read more…

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