Lithium is a metallic chemical element that is soft with a silvery-white appearance. It is
also the lightest solid metal, highly flammable and extremely reactive when exposed to air. Due
to its high solubility, it dissolves in ocean waters to form Lithium brine. Lithium does not exist
freely but is found in ionic compounds such as pegmatitic ores. These lithium-rich ores are
mined in various regions of the world, one of them being around the Andes Mountains near
borders of Argentina, Chile, and Bolivia (famously known as the Lithium Triangle). Here,
several companies are involved in mining and processing of Lithium either under partial where
the firm owns a fraction of the shares or full ownership where the company owns all shares and
Lithium Companies in Bolivia
Statistics have shown that Bolivia has the richest Lithium resource deposits globally.
Bolivian Lithium deposits are indeed estimated to about 22% of the world's global total capacity.
However, this valuable resource is not fully exploited due to economic, political as well as
technical challenges in the country. The Bolivian government opts to have the Lithium mining
and processing industry owned and regulated entirely by the state, thereby locking out potential
and highly experienced investments from foreign companies. In 1952, The country, therefore,
established Comibol, a state body to manage the entire industry in terms of mining concessions,
lease, service agreements, and joint ventures. This body allowed two companies into the
industry. They include;
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Planta Lippi -Yacimientos de Litio Bolivianos (YLB)
It is a state-owned Lithium mining firm located at the southeastern region of Salar de Uyuni with
a 51% share in the lithium industry
TBEA Group Company Ltd
It is a German firm that entered into a joint venture with the Bolivian company, YLB
holding a 49% stake in the Lithium Industry. ACI Systems company was only chosen as a
partner in this agreement.
Lithium Companies in Argentina
Based on Lithium brine production in the year 2018, Argentina is ranked fourth globally
in extraction and production Lithium Brine. Key industry players involved in extraction on
Dajin Lithium Corp (Dajin)
Dajin Lithium Corp (Dajin) takes a 49% share and interest in concessions owned by
Dajin Resources S.A. (Dajin S.A.) situated in Jujuy Province, Argentina that were acquired in
the vast area said to have Lithium brines. LSC Lithium holds over a 51% interest in Dajin
Resources. In the recent past, the company has an investment to double its lithium production in
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U.S.-based FMC is among the leading companies in the production of Lithium owing to
the increased demand for lithium batteries. With its affiliates in Argentina, the company invested
heavily in Argentina Lithium Industry.
International Lithium Corp
International Lithium Corp is a Lithium resource exploration company operating in
Argentina. The company controls massive lithium deposits. International Lithium Corp focuses
on producing enough Lithium to meet the growing demand for battery metals. In the recent past,
the company has increased its resource share with a whooping a 253% rise. Chinas Ganfeng
Lithium is a venture partner with 11.64% ownership in the company.
Olaroz Lithium Facility
Orocobre is the newest brine-based global lithium.
Lithium Companies in Chile
Sociedad Químicay Minera de Chile (SQM) is a Chilean chemic world's organization
with lithium, and industrial chemiit's among the most significant global producer of lithium.
Initially, it is the company was Chilean state-owned but later privatized. In 2018, Tianqi Lithium
Corp from China acquired a 23.77% share in SQM from a Canadian mining company Nutrien
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Albemarle is the leader in this sector of lithium and its products industry leader in
lithium, one of the rapidly growing markets in the industry of specialty chemicals.