Current Affairs - International - Discussion

Chile is renowned for having the largest lithium reserves globally, holding 36% of the world's total. It also stands as the second-largest global producer, contributing 32% to the global market. This makes Chile a significant player in the lithium industry, which is vital for various applications such as rechargeable batteries, ceramics, and pharmaceuticals. The country's extensive lithium resources are a major focus for companies looking to explore and extract this valuable resource, as exemplified by Coal India Limited's plans to explore lithium in Chile's salt flats.