Lithium, the love story
Posted June 16, 2014
South America's "lithium triangle" has created great hope, but unrealistic expectations could set them up for a letdown
Purmamarca, ARGENTINA – When Tesla Motors revealed in February it would build the world’s largest lithium-ion battery plant, shares in major lithium producers such as SQM, FMC and Rockwood – all active in South America’s so-called lithium triangle – got a noticeable boost.
Tesla pledged to invest more than $5 billion in its factory, construction of which would begin in 2017 with an eye to producing 500,000 batteries a year. Analysts now expect the Palo Alto, California-based electric carmaker to strike a strategic lithium supply agreement in the near future.
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