Overview:
As the global electric vehicle (EV) industry surges, the spotlight is turning to Latin America—specifically the “Lithium Triangle” of Chile, Argentina, and Bolivia. These three countries hold over 50% of the world’s known lithium reserves, and global manufacturers are racing to secure their stake.
Industry Movement:
Tesla, BYD, and CATL have all signed supply agreements or set up local partnerships in the region. Chinese and U.S. firms are also lobbying for exclusive extraction rights and refining operations. In response, governments are tightening regulations to ensure local value capture.
Strategic Shifts:
- Argentina is fast-tracking lithium permit approvals
- Bolivia is piloting state-led joint ventures for domestic processing
- Chile is restructuring its mining laws to balance profit and sustainability
Global Impact:
The lithium race is shaping a new resource diplomacy—not unlike the oil politics of the 20th century. Countries that secure stable lithium trade routes and refining capacity will dominate the EV economy of the next decade.
Takeaway:
Global trade is no longer about finished goods—it’s about control over key materials in the green economy.