In the vast Azicama Desert, lithium chloride is extracted and transported to a refinery near Antofarata. It is then processed into lithium carbonate powder for electric vehicle batteries. Latin America's rich deposits of critical minerals and metals, such as copper and lithium, position the region for a potential commodities boom. The green transition, increasing global population, and geopolitical tensions are driving demand for these resources. This makes Latin American countries an attractive option for investors seeking neutral regions.
The region is home to most of the world’s known lithium. Given the mineral’s usefulness in batteries and electric vehicles, could it be on the cusp of a commodities boom? Germany’s auto industry is at risk. Volkswagen, one of its biggest carmakers, should be worried (10:27). And, England’s World Cup successes could change the face of women’s football (18:06).
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Runtime: 24 min