In 2017, Australia, Chile, and Argentina produced 91% of the world’s lithium

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Some key materials used for manufacturing lithium-ion batteries are lithium, cobalt, nickel, manganese, and natural graphite, which come from more than 30 different countries. The Democratic Republic of Congo produced 59% of the world’s cobalt.

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Korean consortium forming JV with Bolivian miner Comibol for lithium production in Salar de Uyuni

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KORES ) and steelmaker POSCO has entered an agreement with Bolivia’s state-run miner Comibol (Corporación Minera de Bolivia) to set up a joint venture to produce lithium intended for lithium-ion batteries. KORES said that Korean Li-ion manufacturers SK Innovation and LG Chem are also likely to participate in the project. million tons of identified lithium resources, respectively, while Brazil, Congo, and Serbia each contain approximately 1 million tons.