"The so-called lithium triangle — the Andean desert plateau sweeping from northern Chile and Argentina to southern Bolivia — contains over half of the world’s resources of lithium, an essential mineral for the energy transition. Just a few years ago, Argentina, Bolivia and Chile were all governed by the left. Today, only one of those countries still is, and its days are numbered.
When José Antonio Kast assumes power in Chile on March 11, all three will be led by centre to rightwing presidents.
It’s a stunning reversal of political fortune with major implications for critical minerals. Among the region’s heads of state in recent years, there was talk of a “lithium Opec” to co-ordinate the sector, the return of resource nationalism and the rise of state-led green development — intermingled with the hope of social benefit within environmental limits. In stark contrast, Kast, Argentina’s Javier Milei and Rodrigo Paz in Bolivia have vowed to entice foreign investment, and are turning to US President Donald Trump for bilateral deals.
But in the often opaque realm of resource extraction, appearances can be deceiving. These rightwing leaders are aligned with Trump, but China’s economic pull could well prove stronger. Avowed commitments to free markets and private investment are anachronistic in an era of state capitalism, and in sectors pervaded by the logic of national security. And in the peripheries where mining occurs, communities are no more tolerant of uncontrolled extraction than they were before these administrations took power. The stark realities of geopolitical and social conflict will shape lithium governance."
https://www.ft.com/content/0276e510-cbf2-4d9f-a790-a55d6667d9fc
#LatinAmerica #Lithium #LithiumTriangle #EnergyTransition #Chile #Argentina
