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China is Using its Cobalt Playbook to Corner Lithium Supplies

Source: United States Geological Survey via Reuters

Chinese mining companies are moving quickly to snap up some of the world’s largest lithium mines, mostly located in South America’s so-called “Lithium Triangle” that stretches across Argentina, Bolivia, and Chile.

Since 2018, Chinese companies have invested an estimated $16 billion in mining projects in the Lithium Triangle, including this summer’s move by Gangfeng Lithium to spend almost a billion dollars on a lithium mining company in Argentina.

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