Which country has the world's largest lithium reserves and is a key player in the global lithium market?

A)
Chile
B)
Brazil
C)
Bolivia
D)
Argentina

Correct Answer :   Chile


Chile is renowned for having the largest lithium reserves globally, holding 36% of the world's total.

It also stands as the second-largest global producer, contributing 32% to the global market.

This makes Chile a significant player in the lithium industry, which is vital for various applications such as rechargeable batteries, ceramics, and pharmaceuticals.

The country's extensive lithium resources are a major focus for companies looking to explore and extract this valuable resource, as exemplified by Coal India Limited's plans to explore lithium in Chile's salt flats.

Published On : August 6, 2024