The Urgent Need for Investment
Benchmark’s 2023 analysis signals a critical juncture for the global battery industry, emphasizing the imperative of a minimum $514 billion boost by 2030 and a staggering $920 billion by 2035 to meet anticipated lithium demand.
Lithium Triangle’s Crucial Role
The Lithium Triangle, covering Argentina, Bolivia, and Chile, emerges as a pivotal source to bridge the impending lithium gap. This sparks intense competition between Western nations and China, leading to significant investments in promising projects.
Strategic Advances by Lithium South Development Corporation
Lithium South Development Corporation’s Hombre Muerto North Lithium project in Argentina undergoes a transformative journey into a lithium mine. Positioned strategically near major projects, it aligns with the ambitions of Allkem Limited, Livent Corporation, and POSCO Holdings Inc.
Innovative Approaches and Sustainable Practices
Lithium South’s innovative extraction approach, utilizing solar evaporation at high altitudes, not only aims for minimal environmental impact but also reports a remarkable 175% increase in lithium resources, showcasing a commitment to sustainable lithium extraction practices.
Source：prnewswire.com
