General Discussion Topics, page-78034

Opec-style cartel as Argentina, Chile, Bolivia consider alliance

Argentina, Chile, and Bolivia are discussing a possible agreement on the production and pricing of lithium, an essential component in electric vehicle batteries

South American media reported in October that the foreign ministries of Argentina, Chile, and Bolivia – known collectively as the so-called lithium triangle owing to their majority share of the world’s identified lithium reserves – are discussing a possible agreement on the production and pricing for the metal, which is an essential component in electric vehicle batteries.

Observers quickly drew parallels with the Organisation of the Petroleum Exporting Countries (Opec), the 13-member partnership which has an outsize role in setting global oil prices and production levels.


https://www.scmp.com/economy/global-economy/article/3198440/chinas-lithium-hold-wont-be-undercut-opec-style-cartel-argentina-chile-bolivia-consider-alliance