Can Peru develop a battery industry?

"We are already starting to act to see if we can develop a battery industry," said Jaime Chavez, Peru's vice minister of mines, at the Perumin mining industry conference. Peru is the world's No. 2 copper producer and an attractive destination for global miners.

Does Peru produce lithium batteries?

"We have a lot of reserves and we think this is an opportunity and a challenge to carry out (lithium) extraction and value-added production," Chavez said. To be sure, Peru currently produces no lithium and no country in Latin America produces lithium batteries at a commercial scale even if they do mine lithium.

Is Peru a good place to mine lithium?

Peru is the world's No. 2 copper producer and an attractive destination for global miners. It has some lithium deposits in the southern region of Puno which are currently being explored by American Lithium Corp (LI.V). But those deposits are significantly smaller than those in the so-called Lithium Triangle, made up of Bolivia, Chile and Argentina.

Which countries produce lithium batteries?

To be sure, Peru currently produces no lithium and no country in Latin America produces lithium batteries at a commercial scale even if they do mine lithium. Chile and Argentina rank as the world's No. 2 and No. 4 top producers of unrefined lithium, respectively.

Where are lithium batteries made?

But those deposits are significantly smaller than those in the so-called Lithium Triangle, made up of Bolivia, Chile and Argentina. Batteries made from the ultralight metal lithium are key to meeting the growing demand for electric vehicles as part of a transition away from combustion engines.