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The price of lithium is falling, but some Western companies have recently announced more investments in the Lithium Triangle – a region of South America comprising parts of Argentina, Chile and Bolivia.

The Lithium Triangle, a region of South America comprising Argentina, Chile and Bolivia, has proven potential in lithium production, but each country faces its own specific challenges.

The countries that comprise the Lithium Triangle currently control more than 50% of global lithium resources, with production concentrated in the salt flats regions of Argentina, Chile and Bolivia, where there are lithium brine deposits.

Read more about the highlights from Fastmarkets’ annual Middle East Iron and Steel conference, which was held on 18-20 November in Dubai.

A renewable fuel production facility for hydrotreated vegetable oil (HVO) and sustainable aviation fuel (SAF) is set to be established at the Port of Riga, Latvia, making it the first of its kind in the Baltics, the port announced on Tuesday November 26.

Steel market participants had varying reactions to US President-elect Donald Trump’s assertion on Monday September 25 that he will impose a 25% tariff of all products being imported from Canada and Mexico into the US, as well as levy a 10% additional tariff on all Chinese imports.

The news that President-elect Donald Trump is considering additional tariffs on goods from China as well as on all products from US trading partners Canada and Mexico has spurred alarm in the US aluminium market at a time that is usually known to be calm.

The merging of two of North America’s lithium producers, Piedmont Lithium and Sayona Mining, aims to provide optionality over growth projects and enhance the companies’ strategic flexibility, according to Fastmarkets’ head of base metals and battery research William Adams.

Electric vehicle (EV) manufacturers have been reaching upstream to producers, beyond their agreements with their battery manufacturing partners, to secure North American supply for their production, battery materials and technology company Novonix’s chief executive officer Chris Burns told Fastmarkets