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In late 2022, several Latin American governments floated the idea of creating an OPEC-style cartel for lithium, supposedly as a means to control (restrict) supply, force prices higher and increase government take from a commodity whose prices are already riding high on the back of growing demand from lithium-ion batteries for electric vehicles.
State lithium companies: Codelco (Chile), LitioMx (Mexico and YLB (Bolivia)
Argentina, Chile and Bolivia—which together host various lithium-containing salares or salt lakes, known as the Lithium Triangle—expressed interest in the idea as part of a growing wave of
Argentina Lithium focus on key Lithium opportunities
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