Bolivia seeks to solidify 'The Lithium Triangle'
Bolivian President Luis Arce proposes a joint policy on lithium with Argentina, Chile and Peru.
The proposals reported in La Razon seek to bring a sustained policy between the countries who hold approximately 68% of the world’s resources of lithium. Bolivia lithium reserves are mainly located in the Salar de Uyuni salt flats in Potosi. Argentina has approximately 19.3Mt and Chile around 9.6Mt.
The announcement was politically charged and comes weeks after US Commander Laure Richardson made comments on lithium in Latin America. The speech held on 23 March 2023 - the 144th anniversary of the first battle of the War of the Pacific - referenced creating something similar to the Organisation of Petroleum Producing Countries to create stability in the region, in light of the ‘eyes’ of the USA being on the resource.
The President, as reported in La Razon, said, ‘The objective is clear: to position our countries, Bolivia, Chile, Argentina and Peru, as potential promoters of our forms of energy storage that allow us to overcome the use of fossil fuels; minerals like lithium are one way to do it.’