Subscribe free to our newsletters via your
. Space Industry and Business News .

Latin America poised for a lithium boom
by Staff Writers
Sao Paulo (UPI) Aug 9, 2012

disclaimer: image is for illustration purposes only

Latin America is poised for a lithium boom as mining companies seek deposits of the mineral for urgent and large-scale development.

Lithium-ion batteries are critical to computers and smartphones and are seen as the ultimate solution in the auto industry's quest for a clean, environmentally friendly battery-powered car.

More than 70 percent of the world's salt lake lithium deposits are in South America and investors are eyeing untapped or undeveloped lithium sources outside Chile, the current major producer, in Argentina, Mexico and Bolivia.

U.S. Geological Survey data indicate Bolivia contains almost half of the world's lithium reserves, which remain untapped.

But Mexico is seen as the next hotspot because of its easier investment climate, close ties with the United States and free trade environment.

China and other international investors see Mexico as a favored destination for low-cost lithium extraction and manufacture of lithium-based products for distribution across the Americas and the Pacific.

Lithium markets in Latin America are set to explode as demand rises for new technologies from Apple iPads to electric cars, Green Technology Solutions mining subsidiary GTSO Resources said.

GTSO Resources said it would focus on Chile.

Deposits of lithium are found throughout the Andes Mountains and both Chile and Argentina recover lithium from brine pools.

Lithium is poised to rise in value dramatically as demand grows globally. China, a major producer of batteries, is tapping markets to find and secure more lithium resources for itself.

Despite Bolivia's large lithium reserves, the country's mercurial politics have put off investors.

GTSO said lithium mining in Chile could pay off handsomely if lithium prices continue to rise as expected.

"We're moving aggressively to increase shareholder value by acquiring new projects and sourcing joint venture partners to expand the scope and diversify the risk of our exploration efforts in Chile," GTSO Chief Executive Officer Paul Watson said.

Traditional mining isn't the only path to potential profits with Chilean lithium, it said. GTSO is in talks with CCI Capital SpA for assistance to develop and implement urban mining deals in Chile.

It said the country's mining infrastructure and growing e-waste stream make it an ideal environment for sustainable minerals investment.

New research has shown that sustainable urban mining practices could help dramatically reduce the world's carbon emissions.

By recycling a ton of steel, carbon emissions can be reduced by 2.1 tons. A ton of recycled aluminum eliminates 7.9 tons of emissions and a ton of recycled computers reduces emissions by four tons. As concern over pollution and climate change grows around the world, demand for recycled materials is rising, the research indicates.


Related Links
Space Technology News - Applications and Research

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Reluctant electrons enable 'extraordinarily strong' negative refraction
Boston MA (SPX) Aug 09, 2012
In a vacuum, light travels so fast that it would circle the Earth more than seven times within the blink of an eye. When light propagates through matter, however, it slows by a factor typically less than 5. This factor, called the refractive index, is positive in naturally occurring materials, and it causes light to bend in a particular direction when it shines on, for example, water or glass. ... read more

Wired reporter hack reveals perils of digital age

Latin America poised for a lithium boom

Reluctant electrons enable 'extraordinarily strong' negative refraction

Wayward Satellites to Orbit for Months - Space Source

NATO Special Forces Taps Mutualink for Global Cross Coalition Communications

Northrop Grumman Demonstrates Integrated Receiver Circuit Under DARPA Program

Boeing Receives 10th WGS Satellite Order from USAF

Lockheed Martin-built Military Communications Satellite Marks 20 Years in Service

The Spaceport moves into action for Arianespace's next Soyuz mission to orbit two Galileo satellites

Sea Launch Prepares for the Launch of Intelsat 21

Proton Launch Failure

Ariane 5 performs 50th successful launch in a row

Next Galileo satellite reaches French Guiana launch site

Raytheon completes GPS OCX iteration 1.4 Critical Design Review

Mission accomplished, GIOVE-B heads into deserved retirement

Boeing Ships 3rd GPS IIF Satellite to Cape Canaveral for Launch

Chile still seeking Black Hawk helicopters

Activist arrested trying to block plane at Paris airport

Volcano ash disrupts New Zealand flights

Cathay Pacific posts first-half net loss of HK$935 mn

NASA Goddard Team to Demonstrate Miniaturized Spectrometer-on-a-Chip

Dutch firm ASML clinches 1.1 bn euro deal with Taiwan's TSMC

How to avoid traps in plastic electronics

HP claims win in legal battle with Oracle

MSG-3, Europe's latest weather satellite, delivers first image

Test flight over Peru ruins could revolutionize archaeological mapping

Interview With Scott Braun About NASA's Upcoming Hurricane Campaign

France orders Google to hand over Street View data

Vietnam, US begin historic Agent Orange cleanup

Worldwide increase of air pollution

Philippine gold mine suspended over spill

Top researcher snubs French honour over 'industrial crimes'

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement