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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>
Annual production in the early 2020’s was as follows: 140,000 tons per year in Chile,<ref>{{Harv|Dube|2022|ps="Chile has expanded output at its existing operations by 80% since 2016 to about 140,000 tons annually”}}</ref> 33,000 tons per year in Argentina,<ref>{{Harv|Quinn|2024|ps="En 2022, Argentina produjo 33.000 toneladas de LCE, el segundo país de la región y el cuarto del mundo"}}</ref> and 600
==Background==
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