Battery Race: Why Latin America's Lithium Triangle May Become a Bone of Contention for the US, China | WHAT REALLY HAPPENED

Battery Race: Why Latin America's Lithium Triangle May Become a Bone of Contention for the US, China

In February 2016, the World Economic Forum announced that lithium batteries would be the core to the Fourth Industrial Revolution and transition to the "green economy". How could Latin American states sitting on the world's largest lithium reserves grab this unique opportunity?

Investors are observing "gold rush on steroids" for metals essential for building batteries as European and American governments are preparing to shift to electric vehicles and renewables within the framework of the Paris Climate Agreement.

Low-maintenance lithium-ion batteries are regarded as a key component of the "green" effort. According to the Financial Times, shares in the Global Lithium and Battery ETF have mounted about 170% over the past year, while producers of lithium have raised over $2 billion from investors during the past few months.

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