Sweden Seeks Lithium Tie-Ups In South America Amid ‘White Gold’ Rush

www.oann.com | 11/6/2012 | Staff
chicana948chicana948 (Posted by) Level 3
LIMA (Reuters) – Sweden is turning its gaze towards Peru and other South American countries for lithium tie-ups amid a global race to lock in supply of the “white gold” metal that is key for the batteries that power electric vehicles.

A senior trade official from the Scandinavian nation told Reuters by phone that firms in Sweden – which is making a push in such batteries is home to global car brand Volvo – were looking for alliances with regional lithium and copper producers.

Governments - Automakers - World - Eye - Demand

Governments and automakers around the world, with an eye on huge expected demand for electric cars, are looking to seal tie-ups for the light metal, including in the so-called “lithium triangle” centered on Chile, Bolivia and Argentina.

Peru – a major copper producer – is also looking to edge in on the action. Canada’s Plateau Energy Metals last year announced the discovery of 2.5 million tons of high-grade lithium resources in the south of the country, with the potential to be the largest lithium mine in the world.

Sweden - Germany - Countries - Materials - Minerals

“What you see in Sweden, Germany, in many countries now is how we are going out to obtain the materials and minerals needed for the future of electrification,” Niklas Johansson, State Secretary to the Minister for Foreign Trade told Reuters.

“This is not only lithium, but also copper, which is very important in Peru.”

Johansson - Push - China - Lithium - Spotlight

Johansson added that a major push by China in lithium was putting a spotlight on global supply. The Asian...
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