Cartel energy storage

Do Latin American countries need commodity cartels for energy transition?

The conclusion highlights limitations of Latin American countries’ capacities and suggests future lines of research regarding potential commodity cartels for resources essential to the energy transition. The energy transition requires significant volumes of minerals of which the Global South holds large reserves.

Does a cartel need market power?

A cartel needs to have market power, either through a swing producer or a small group of members, and it must convince non-members who are major producers to refrain from undermining cartel policy.

What does it mean if a cartel has been created?

If a cartel has been created and is initially stable, it means that the economic prerequisites for cartel formation (see above) have been met.

Are commodity cartels a good idea?

These views echo the unrealistic dreams of commodity producing nations of the past, that creating commodity cartels is the “best hope for gaining control over their natural resources, influencing world commodity prices, and negotiating a restructuring of the international economic system” .

Should the cartel bring production online?

Table 3makes it clear that bringing production online would have to be one of the cartel’s first priorities. Argentina, Bolivia and Chile are prime potential candidates for increased production and if speculations about the other three countries resources are correct, they are as well.

Did OPEC create a battery minerals Cartel?

And in 1974, four major copper-producing countries formed an OPEC-inspired copper cartel, called the Intergovernmental Council of Copper Exporting Countries (CIPEC). For now, there are few details about how a battery minerals cartel or a “lithium OPEC” would work.