South America Has The Lithium That Washington Wants, But Will They Part With It? | OilPrice.com

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South America's lithium triangle has the potential to play a significant role in producing lithium, a crucial component in green energy technologies, and taking a huge amount of the lithium market share away from China.

- Apr 19, 2023, 4:00 PM CDT

China's dominance over clean energy manufacturing and raw material markets is driving the US and Europe to focus on domestic supply chains and value. In response, countries are increasingly turning away from long-established fossil fuel supply chains and concentrating their efforts on locally available energy sources, which are . There’s just one problem. China currently dominates supply chains for essential clean energy components. Even if energy consumed in Denmark is being produced in Denmark, for example, the photovoltaic cells were almost certainly made in China.

In the current geopolitical climate, this presents a major conundrum. If Russia can turn off the gas taps today in response to criticism of the war in Ukraine, why couldn’t China stop shipments of solar panels tomorrow in response to condemnation of genocidal acts toward the Uyghur muslim minority?

 

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