Lesson 16: Mining in South America

October 25, 2022

Review:

• Exam 2

Presentation:

• Mining is a major part of Latin America’s economy
  • Copper Mining in Chile
    • Codelco – largest producer of Copper in the world
    • 2010 Copper Mine Accident and Rescue: Buried Alive – Chile Mine Rescue (until 11:30)
  • World Silver Production
    • #1 Mexico, #3 Peru, #5 Chile, #7 Bolivia
    • Mining in Cerro Rico (Bolivia): The Mountain that Eats Men (BBC)
• Lithium Triangle
  • Location – Salt Flats – intersection of Chile, Argentina, Bolivia
  • Lithium
    • Metal used in batteries
      • Consumer electronics
      • Automotive industry
      • Lithium – the future of transportation energy?
    • Demand rising
    • Prices rising
    • Compare with other commodities
  • International investment in the Lithium Triangle (18 min)
  • How can Latin America benefit from the Lithium “boom”?
    • Nationalize or Privatize
    • Foreign Investment
    • Value-add industry development

Assignment:

• Read the articles above about the Lithium Triangle
• Watch Buried Alive – Chile Mine Rescue (47 min)
• Optional: Watch The 33