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South America's Lithium Triangle and the Future of the Green Economy

To support the sustainable development of Latin America’s lithium resources, the Wilson Center’s Latin American Program, in partnership with the Inter-American Development Bank (IDB), launched the Lithium Triangle Initiative (LTI) on Thursday to collaborate with the private sector and regional governments to help develop best practices for this critical sector.
 

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As the global community pursues sustainable economic development, lithium is playing an increasingly critical role. The metal is used for rechargeable batteries in electric vehicles and for the energy storage needed to expand renewable energy use. As a result, global demand for lithium is expected to grow rapidly, and supply will have to keep pace.

 

South America’s Lithium Triangle (Argentina, Bolivia and Chile) and Peru account for more than half of the world’s lithium, and establishing a strong investment climate will be key to boosting the region’s lithium production to help meet global demand and address climate change. For South America, lithium resources are a promising economic engine, but producers will face a variety of challenges, including infrastructure demands, environmental regulation, water management and social concerns.

 

Thursday’s LTI launch event featured a high-level discussion with senior Argentine and Chilean authorities and influential private sector actors about the future of Latin America’s lithium sector and the global implications. For more information, follow the LTI at @LiTriangle and sign up for our mailing list to hear about future events. For sponsorship opportunities for our lithium research and public seminars, please contact LAP@wilsoncenter.org.

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