Monday, February 13, 2012

Lithium Cartel

According to country’s Ministry of Science and Technology, Argentina, Bolivia and Chile will control the lithium market in near future and together could do it with a sort of OPEC-like arrangement.

Increased production of lithium in Argentina was marked by the opening of lithium mine in northwestern Jujuy province in late 2010. Currently lithium production in Argentina has increased from 36.000 metric tons to 38.000 metric tons after the government opened Olaroz mines.(Commodity Online)

Smart. This way they can control the price somewhat. Yes, that's Lithium in Lithium Battery that powers your gadgets and computers.

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