Bolivia wants India to ink pact for gaining access to its lithium


Bolivia wants India to ink pact for gaining access to its lithium

Surging demand for lithium—used in batteries of electric vehicles (EVs), smartphones and laptops—has stoked interest in mining of the metal in countries such as Bolivia that has large known reserves.

Bolivia, which forms the so-called Lithium triangle with Argentina and Chile, has reached out to nations for exploration and extraction of the metal and manufacture of value-added products.

With one-fourth of the world’s lithium deposits, Bolivia has declared it as a strategic asset of the country. This means that any foreign company will have to partner state-owned corporation YLB to get access to lithium reserves in Bolivia.

In an interview, Bolivia’s ambassador to India, Sergio Dario Arispe Barrientos, said the South American nation wants to establish a government-to-government pact with India for extracting lithium from his country. Read More

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