Trade and Investment

This crucial mineral could transform Chile into a key player in the e-revolution

Labourers work at the Rockwood lithium plant on the Atacama salt flat, the largest lithium deposit currently in production, in the Atacama desert of northern Chile January 8, 2013.   REUTERS/Ivan Alvarado/File Photo         GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH 'BUSINESS WEEK AHEAD MAY 16'  FOR ALL IMAGES

Chile has reserves of millions of tons of Lithium, which is becoming a highly desired raw material. Image: REUTERS/Ivan Alvarado

Dyfed Loesche

Lithium is one of the most important raw materials used in top-notch battery technology. It will become even more important once the e-mobility revolution gets into full swing. While smartphone batteries use some 3 grams of the light metal, 30 grams are built in to laptop batteries, but standard e-car batteries can use 10 kilos of lithium. Some car models by U.S. maker Tesla have 40 kilos in their battery packs.

As our infographic shows, Chile has reserves of around 7.5 million metric tons slumbering under its surface. This could make the South American country on of the most important players of the nascent e-age, something like the new Saudi Arabia. However, most Lithium still comes from Down Under where mines produced some 14,300 metric tons last year, according to data compiled by the U.S. Geological Survey (USGS).

In the U.S. itself, 870 metric tons were produced in 2013. Because the USGS wants or needs "to avoid disclosing company proprietary data" there aren't more recent figures. There could be up to 38,000 tons in reserve. In general, reserves data are dynamic, as they may be reduced as ore is mined, the feasibility of extraction diminishes, or they even continue to increase as additional deposits are developed.

Image: statista
Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Stay up to date:

Mining and Metals

Share:
The Big Picture
Explore and monitor how Mining and Metals is affecting economies, industries and global issues
World Economic Forum logo

Forum Stories newsletter

Bringing you weekly curated insights and analysis on the global issues that matter.

Subscribe today

2:06

Agility: Empowering SMEs to Navigate Global Trade

What's 'bi-globalization' and could this be the near future for geo-economics and global trade?

About us

Engage with us

  • Sign in
  • Partner with us
  • Become a member
  • Sign up for our press releases
  • Subscribe to our newsletters
  • Contact us

Quick links

Language editions

Privacy Policy & Terms of Service

Sitemap

© 2024 World Economic Forum