Bolivia signs strategic agreements with 3 transnational companies on lithium projects
Date
12/4/2024 7:34:13 AM
(MENAFN) Bolivia signed strategic agreements on Tuesday with three transnational companies to develop technological projects aimed at exploiting lithium from the country’s salt flats, including the Empexa project. The agreements are part of Bolivia’s broader national plan for metal industrialization, specifically focused on lithium, a critical resource for batteries and clean energy technologies.
During the signing ceremony, Bolivian President Luis Arce emphasized that this initiative marks an "important step" in the country’s efforts to implement advanced technologies for maximizing the value of its vast evaporite deposits, which are rich in minerals like lithium. The country’s unique salt flats, particularly in areas like Uyuni, are among the largest known reserves of lithium in the world.
President Arce clarified that the government’s approach is not to concentrate lithium exploitation under a single company. Instead, the strategy aims to attract a range of technologies that are well-suited to the specific conditions of Bolivia's salt flats. This approach is intended to ensure higher quality and productivity in lithium extraction while fostering a more diversified and competitive sector.
These agreements reflect Bolivia's commitment to harnessing its lithium resources in a way that maximizes economic benefits while developing local expertise and technology. By integrating various international partners, Bolivia hopes to transform its lithium deposits into a key component of the global clean energy transition.
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