In partnership with Global Commodities Desk, the Latin America Desk aimed to explore in this report the case of the Lithium Triangle by examining the complex dynamics of the lithium market, influenced by geopolitical factors, government policies, and the evolving landscape of global energy demands. The report gives an overview of the global lithium demand and supply trends and projections and expands on the state of play of the lithium market risks, delving into the complexities shaped by geopolitical factors, government policies, and evolving global energy demands. Examining each country within the Lithium Triangle, it is evident that Bolivia, Argentina, and Chile face distinct challenges and risks in their pursuit of becoming major players in the evolving lithium market.