Bolivian President Luis Arce has proposed to create an organization similar to OPEC for lithium-exporting countries. It will include Argentina, Bolivia, Peru and Chile, Report informs via 1prime.

“We have lithium in Bolivia, Chile, Argentina and Peru; we are ready to jointly develop a policy that will ensure the position of our countries as suppliers of this form of energy on sovereign terms that are favorable to our peoples,” Arce said, adding that it is necessary to create an organization similar to OPEC.