Bolivia will honor lithium agreements concluded by the earlier authorities with Russia and China if the integrity and transparency of these offers are confirmed, President Rodrigo Paz stated.
The offers might be reviewed and made public to permit correct scrutiny, Paz advised the Monetary Occasions in an interview printed Tuesday.
Bolivia controls the Value of Lithium within the World
Bolivian Financial system Minister Jose Gabriel Espinosa advised Sputnik final week that the South American nation would assessment the agreements to evaluate their compliance with new rules.
On September 11, 2024, the Bolivian authorities signed a contract with Uranium One Group, a subsidiary of Russia’s nuclear large Rosatom, to construct a lithium carbonate plant with an annual capability of 14,000 tonnes and investments of $970 million.
South America’s Lithium Triangle reveals the Darkish facet of our Electrical Future
Two weeks later, an settlement was signed with China’s Hong Kong CBC to assemble two lithium carbonate crops with comparable funding.
Bolivia holds an estimated 23 million tonnes of lithium reserves and is a part of the so-called lithium triangle, which comprises greater than 50% of the world’s lithium reserves, alongside Argentina with 19 million tonnes and Chile with 9 million tonnes.
Sputnik / ABC Flash Level Information 2026.
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