LA PAZ, Bolivia (AP) — The total of Bolivia’s confirmed lithium resources has increased 2 million tons to 23 million tons, the Andean country’s president said…
The new estimate further cements Bolivia’s position as the country with the world’s biggest known deposits of lithium, which is in high demand for use in batteries.“We are the largest lithium reserve in the world, and we have to know how to manage it intelligently to exploit and transform this resource,” President Luis Arce said at the Coipasa salt flat, around 280 kilometers south of the capital of La Paz.
The increase in the estimate of Bolivia’s reserves came after further geological studies in the Coipasa and Pasto Grandes salt flats, Raul Mayta, vice minister of exploration and exploitation of energy resources, told the state television channel, Bolivia TV. Last month, Arce’s government signed an agreement with China’s Citic Guoan and Russia’s Uranium One Group to exploit Bolivia’s lithium deposits. Together, they promised to invest $1.4 billion for the construction of two plants for the production and export of 50,000 tons of lithium annually starting in 2025 in the Pastos Grandes salt flats.
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