> Chile is small producer
Huh? Second largest producer with by far the largest reserves.
https://www.volkswagenag.com/en/news/stories/2020/03/lithium...
Re:Chile to Nationalize Lithium Industry
by WhereIsTheTruth on Monday May 08, 2023 @11:02AM
(#35862324)
Thanks for correcting me, my memory failed me
That chart seems to significantly understate USA reserves. What I heard is that just two sites, Salton Sea and Thacker Pass, amount to more than 50 million tonnes of reserves, plus significant deposits elsewhere.
What sanctions does the US have on Argentina?? Please don't tell me you don't know the difference between Argentina and Venezuela.
Yeah, I did a quick search and the only relevant results I could find are a sanction against a drug trafficking firm, sanctions related to the falklands war from the 1980s (that have long since lapsed) and a proposed bill (which probably won’t make it out of committee) requesting sanctions on just the president and her immediate family.
Re:Chile to Nationalize Lithium Industry
by santiagobasulto on Monday May 08, 2023 @10:19AM
(#35861750)
I'm from Argentina, I don't think the 3 digit inflation is due to any US sanctions :)
Here on HN, everthing is the fault of the USA.
Re:Chile to Nationalize Lithium Industry
by WhereIsTheTruth on Tuesday May 09, 2023 @10:37PM
(#35883000)
Well, the US has a record history of doing shady things in South America, then you have things like this: https://www.csis.org/analysis/south-americas-lithium-triangl...
"opportunities"
Re:Chile to Nationalize Lithium Industry
by randomopining on Monday May 08, 2023 @10:25AM
(#35861832)
Obviously don't have the technology to manufacture the whole chain themselves or they would do that, right? That's why they need to partially auction stuff off to outsiders.
Biggest one in that region is Argentina, and the US has been sanctioning them a lot lately, to the point where their country reached 3 digit increased inflation, 3 digits!
So I suspect this is all done on purpose to further lower the price of lithium (corroborated with the lithium price in the global market, fishy fishy) so the US can have their green transition at lower cost, it's a sad era for South Americas yet again..
This nationalization is a step in the right direction, but that doesn't matter if it ends up in the end of foreign countries for cheap...
They should keep the lithium for themselves, manufacture batteries themselves and sell them with very high margins, if they don't do that, then something is fishy in the Chile/Argentina government..