[4] Since Morales left the presidency in 2019, in part due to protests related to the ASISA deal, the government's position has shifted slightly.
Each country has large lithium reserves but varying policies and outcomes with Bolivia experiencing the lowest levels of production.
No new investments have been made since this announcement and with the control of state-owned mining companies expanding, the role of the private sector is uncertain.
This lack of investment has caused production to slow, leading to predictions that Argentina may surpass Chile and become the largest producer in the Lithium Triangle.
[7] By the end of 2025, Argentinian lithium production is estimated to increase fivefold, surpassing Chile as the largest Latin American producer.
[1] Bolivia has also faced technological complications as the process of extracting lithium from Bolivian salt flats is far more challenging, time consuming, and expensive than it is in other countries.