There is an increasing demand for Lithium that is putting upward pressure on the cost of this rare earth mineral, but the discovery of new deposits will help address this growing demand. Lithium is an element that powers the modern world. A vast and growing number of portable devices including electronics like phones, tablets and laptops depend on lithium and so do electric and hybrid cars.
Some of the top producing countries for lithium are Chile, Argentina and Bolivia. These three countries are known as the “lithium triangle.” Chile is the world’s leading source of the element, turning out around 40 percent of global supply, however discoveries in Bolivia, (which opened its first lithium pilot plant in January), suggest that the country may have 50 percent of the world’s reserves, which is enough to power 4.8 billion electric cars.
Some of the top producing countries for lithium are Chile, Argentina and Bolivia. These three countries are known as the “lithium triangle.” Chile is the world’s leading source of the element, turning out around 40 percent of global supply, however discoveries in Bolivia, (which opened its first lithium pilot plant in January), suggest that the country may have 50 percent of the world’s reserves, which is enough to power 4.8 billion electric cars.
