How Latin America Should Handle the Lithium Boom
By: ALEJANDRO TURINO
Global EV industry grows, batteries need lithium. Latin America has 60%, faces wealth challenges due to corruption.
Latin America's lithium focus on upstream risks missing value, must invest downstream for fuller market benefits.
Lithium progress varies: Chile leads, Argentina speeds up, Mexico catches up, Bolivia faces political challenges.
Latin America's lithium potential boosted by proximity to US, aligning with "friend-shoring" in supply chains.
US's Inflation Reduction Act aims for 40% emission cut by 2030, focusing on EV investment to combat CO2.
US seeks EVs beyond China. Western Hemisphere needs lithium growth and US investment in production.
Chile's US FTA attracts investment for EV minerals, Argentina seeks green cooperation despite strained ties.
Bolivia, Mexico aim to develop production, attract investments for untapped lithium resources.
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