Argentina, Brazil, Chile, and Peru have signed a cooperation pact on strategic minerals, including lithium, copper, and rare earths. Cross-border protocols between Argentina and Chile could unlock 20.7 billion dollars in investments and boost annual copper output by 540,000 tonnes. Brazil formalized a technical cooperation agreement with the Development Bank of Latin America and the Caribbean (CAF) to study the integration of critical minerals supply chains. The Lithium Triangle, comprising Argentina, Bolivia, and Chile, holds more than 50 percent of the world’s known lithium reserves, essential for electric vehicle batteries and grid-scale energy storage. This pact is part of a friend-shoring strategy aimed at reducing dependency on Chinese minerals processing, as both the United States and the European Union have adopted policies incentivizing sourcing from allied partners.
Source: Read the original article
