While increased state participation in Chile’s lithium industry aims to maximize national benefits, the potential downsides must not be overlooked.
This comprehensive explainer ventures into how the Inflation Reduction Act benefits Chile, its operational dynamics, areas lacking efficacy, and the adjustments required to optimize its attractiveness for both the U.S. and Chile.
Chile holds a significant position in the global economy. As the world shifts from a dependence on fossil fuels to clean and renewable sources of energy, batteries have become a key part of the transition.
Civil society and government leaders from both regions [Africa and The Caribbean] can learn best practices from each other as well as work through pitfalls to avoid when dealing with the Chinese government and various Chinese entities.
The United States, China, Japan, and most advanced economies are actively engaged in attempting to secure new sources of lithium—a key element in the transition of the global economy from fossil fuels to renewables.
As the world looks for an energy revolution, Latin America’s lithium triangle—Argentina, Bolivia, and Chile—is estimated to hold close to 60 percent of global lithium reserves.
