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Get PriceBolivian efforts to exploit lithium date back more than three decades. They are closely linked to the social struggle of the people of Potosí, the mining region par excellence
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Get PriceBrine lithium technology has the potential to enable Bolivia to escape its history of resource exploitation and instead become an equitable partner in renewable energy markets. For the past decade, Evo Morales’s Movement Towards Socialism (MAS) government has financed lithium development.
Technical hurdles and a lack of infrastructure have long delayed the extraction of lithium in Bolivia, whose reserves are estimated at 21m tonnes. Mr Arce said Bolivia was still negotiating with other foreign companies for potential partnerships.
Bolivian efforts to exploit lithium date back more than three decades. They are closely linked to the social struggle of the people of Potosí, the mining region par excellence since colonial times, to improve the quality of life of its inhabitants.
Workers fill bags with lithium carbonate in Bolivia. According to official sources, around 990 tonnes of lithium carbonate, a key raw material in the manufacture of batteries, were sold and produced in the country in 2021 (Image: Agencia Boliviana de Información)
But this intention has not been enough to achieve success. In 2008, during the Morales presidency, Bolivia made a foray into lithium industrialisation with a US$771 million loan from the Central Bank of Bolivia, according to the Fundación Solón, a Bolivian NGO.
Mr Arce said Bolivia was still negotiating with other foreign companies for potential partnerships. Reuters news agency says they include US firm Lilac Solutions, Russia's Uranium One Group and three other Chinese bidders. Mr Arce said the goal was to start exporting lithium batteries in the first quarter of 2025.
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