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According to ''[[The Economist]]'' Argentina was by November 2022 the country with most ongoing lithium extraction projects, in total 40.<ref name=TheEco22>{{Cite news |title=Argentina could help the world by becoming a big lithium exporter |date=2022-11-15 |access-date=2023-04-21 |work=[[The Economist]]|url=https://www.economist.com/the-americas/2022/11/15/argentina-could-help-the-world-by-becoming-a-big-lithium-exporter}}</ref> By one estimate Argentina could displace Chile as the second largest lithium producer by 2027.<ref name=TheEco22/> Similarly, there are estimates the posits Argentina producing 16% of the World's lithium by 2023, instead of 6% as in 2022.<ref name=TheEco22/> Low [[royalty payment]]s when compared to Chile are cited by ''The Economist'' as a particular advantage.<ref name=TheEco22/>
In December
Since the 2020s, the Bolivian government has been advocating that the countries in the region organize themselves so that they can influence international trade of [[lithium]], including the creation of an organization similar to [[OPEC]].<ref>{{cite web|url=https://www.celag.org/hacia-una-organizacion-latinoamericana-de-paises-exportadores-de-litio-olpel/|title=Hacia una Organización Latinoamericana de Países Exportadores de Litio (OLPEL)|author=|work=CELAG|access-date=2023-03-26|date=2022-05-23|language=es}}</ref> The cooperation with ACISA was however by June 2022 deemed to have stalled with Bolivia negotiating instead larger lithium projects with Canadian, Chinese and United States companies.<ref name=DW2022/>
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