South American Countries May Form 'Lithium OPEC' For Price Control
According to the Argentine Foreign Ministry, Argentina, Chile, and Bolivia are drafting a document proposing the establishment of a lithium version of the Organization of Petroleum Exporting Countries (OPEC) in order to reach better prices amid lithium mineral price fluctuations and uncertainties.
Argentina, Bolivia, and Chile all have huge lithium ore reserves and production potential. The total lithium resource reserves of the three countries account for 65% of the world's total, and the total lithium ore production accounts for nearly 30% of the world's total output.
Next-generation batteries will be crucial for a decarbonized, electrified future. They will improve grid reliability and resilience while enabling greater integration of renewable energy. These advanced batteries can also provide backup power during natural disasters like ice storms, extreme heatwaves, hurricanes and more.
The passage of the Inflation Reduction Act over a year ago represented the biggest climate legislation seen in the US so far. It provided investment tax credits (ITC) for standalone energy storage, meeting a major request from the industry.
2023-08-27
Why Choose Lithium Valley
7*24 Hours Service
Lithium-ion batteries power all sorts of devices – power tools, notebook computers, tablets, cell phones, and electric cars. They have some distinct advantages over wet-cell lead-acid batteries, such as you’d find in your car. The rapid drop in prices and evolution of lithium-ion batteries and associated technology is changing all that. The new generation of solar energy storage is cheaper to buy, more cost-effective, streamlined, and better looking.
Advantages
Lighter Higher energy density Lower self-discharge Lower maintenance No “memory effect” Increased cycle life