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Recently, a source in the Argentine Foreign Ministry revealed to the Spanish news agency that Argentina, Bolivia and Chile are working to promote the establishment of a "lithium triangle OPEC" similar to the Organization of the Petroleum Exporting Countries (OPEC) to reach a "price agreement"
in the event of lithium price fluctuations.
The source said that due to the frequent fluctuations in lithium mine prices, its future price is highly uncertain
.
The Ministers for Foreign Affairs of the three countries are preparing
for this.
OPEC is a cartel of oil producers that controls oil production levels to influence the price of a barrel of
oil.
With the same idea in mind, the foreign ministers of the three South American countries want the three countries to agree on the price and coordinated production of lithium mines, and to set guidelines
for the sustainable development of industries and the development of related technologies.
In addition, the Ministers believe that if Argentina, Chile and Bolivia first reach a consensus, the future organization can also involve the world's largest lithium-producing countries, such as Australia
.
It is understood that the lithium mineral resources of Argentina, Bolivia and Chile account for nearly 65% of
the world's proven lithium reserves.
The lithium resources of the three South American countries are dominated by salt lakes, most of which are salt lakes
with low magnesium-lithium ratio.
