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As of 2017 the area was thought to hold around 54% of the world's lithium reserves,<ref>{{cite web|url=https://resourceworld.com/lithium-triangle/|title=South America's prospective - The Lithium Triangle|author=Ellsworth Dickson|work=Resource World|access-date=7 December 2019|year=2017}}</ref> however, these reserves, which are the largest in size and the highest in quality in the world, are not expected to make the surrounding countries wealthy, as oil has done for the [[Gulf Countries|Gulf countries]]. For example, the total amount of lithium minerals in [[Chile]] is worth "less than Saudi Arabia's three years' worth of oil exports."<ref>[https://oceanofpdf.com/authors/lukasz-bednarski/pdf-epub-lithium-the-global-race-for-battery-dominance-and-the-new-energy-revolution-download/?id=000715884250 Lithium: The Global Race for Battery Dominance and the New Energy Revolution.] 2021. L. Bednarski. {{ISBN|1787386732}}. p. 97.</ref>
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 |newspaper=[[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 that posit Argentina producing 16% of the World's lithium by 2030 instead of the 6% it produced in 2021.<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 2018 Bolivia signed an agreement with the German company [[ACISA]] for lithium extraction.<ref name=DW2022>{{Cite news |title=Bolivia: el sueño alemán del litio amenaza con derrumbarse |url=https://www.dw.com/es/bolivia-el-sue%C3%B1o-alem%C3%A1n-del-litio-amenaza-con-derrumbarse/a-62118554 |date=2022-06-13 |access-date=2023-04-20 |work=[[Deutsche Welle]] |language=Spanish}}</ref> The cooperation with ACISA was, by June 2022, deemed to have stalled with Bolivia negotiating larger lithium projects with Canadian, Chinese, and United States companies.<ref name=DW2022/> Since the early 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>
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