Lithium, the so-called “white petroleum”, drives most of the modern world. It forms a small, but essentially irreplaceable, component of rechargeable batteries, used mainly in consumer devices like mobile phones and electric cars. It also has other applications like in pharmaceuticals. More than half of the earth’s resources of lithium is found in South America’s “lithium triangle” of Chile, Argentina and Bolivia. Until recently, this was not exciting enough to lure foreign investors as Argentina and Bolivia lacked certainty and a business friendly environment. Chile, on the other hand, kept strict control over lithium output. This is all about to change.
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