Latin American Chamber of Lithium Begins Operations
Argentina, Chile and Peru have created the Latin American Chamber of Lithium (CALBAMERICA) with the goal of creating a transparent market for the mineral to secure fair and stable prices in the region, similar to what OPEC does with oil.
The organization gathers professional technicians and SME entrepreneurs from Argentina and Peru, as well as the Chilean Chamber of Mining. It also seeks to invite Mexico, Bolivia and Brazil to join. The chamber seeks to set lithium prices with the creation of a regional market, an index of lithium value and the creation of contract models. The chamber was created and is currently led by Pablo Rutigliano, who has 20 years of experience in the stock market in Argentina. He founded the Argentinan Chamber of Lithium and promoted the creation of a lithium cryptocurrency, along with lithium chambers in producing countries.