“Strict limits” shall apply to foreign investment in lithium production.

The new executive manager of Bolivian Lithium Sites (YLB) reported that they plan strict limits on foreign investment in the metal extraction and processing. They seek to strengthen the local know-how and work with specialized international advisors. Bolivia produces 400 metric tons of lithium per year in a test plant. They expect to produce about 50,000 tons over the next five years. The agreement signed by the MAS administration for lithium industrialization with Chinese firm Xinjiang TBEA is under analysis. The project for the construction of a lithium plant with a capacity of 15,000 tons per year will remain.

Source: Los Tiempos