Economy

Bolivia will find it difficult to develop its lithium industry

The Bolivian government is eager to transform Bolivia into a global manufacturer of  rechargeable batteries used in electric cars. But the country needs help from the few foreign companies willing to take the risk. ACI Systems Alemania GmbH recently signed an agreement with Bolivia to build a $250 million lithium operation by 2021, yet it has no prior mining experience and hasn’t secured the financing.

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Source: Bloomberg

Categories:Economy