Ren茅 Muschter
Research Expert covering Industry & Mobility
Lithium in South America - Statistics and Facts
Lithium, a silvery-white alkali metal discovered over two centuries ago 鈥 with usage ranging from glass and ceramics to mood disorder medication 鈥 has recently experienced a boom in popularity due to its utilization in ion-lithium batteries, the preferred power source for electric vehicles. As a result, the price of lithium carbonate has soared throughout the past decade, leading it to be labelled the 鈥渨hite gold鈥 or 鈥減etroleum of the future鈥. With demand for this metal set to continue rising in the near future, South America 鈥 which holds more than half of lithium reserves worldwide 鈥 has found itself at the center of attention, with governments and companies alike trying to secure a piece of the pie.
