The government announced that three wind farms and three combined cycle systems in thermoelectric plants will come on stream by the middle of this year, bringing electricity production to more than 3,500 MW. Bolivia's domestic electricity demand amounts to 1,600 MW.
Tin prices at the London Metal Exchange jumped 16.8% at the end of the session on Monday. The cost of the metal reached $29,625/t, up to $4,280. The three-month price ended at $24,385/t, which was a gain of $375 or 3.1%. That is a sign that the supply-demand situation is under strain as buyers tie up physical metal for immediate delivery. This development comes against a background of reports that China is stockpiling tin as part of its plan to become self-sufficient in semiconductors.
Bolivia has registered 36,851 families affected by river overflows and floods in 74 municipalities in seven departments of the country, according to the Vice-Minister of Civil Defence, Juan Carlos Calvimontes. He added that the damage assessment included the registration of 34,080 hectares of affected crops, as well as 1,551 homes.
Four municipalities in Bolivia - Santa Cruz de la Sierra, La Paz, Cochabamba and El Alto - generate 42% of the country's wealth, while 328 municipalities produce 45% of the Gross Domestic Product (GDP), according to the Jubilee Foundation. Of these 328 municipalities, 169 produce 40% of the country's wealth, while the remaining 159 generate only 5% of the total GDP.
The suspension of the main Carnival events in the country will stop moving at least Bs.489 million ($70.82 million).The economic losses will affect some 14 sectors that form part of the supply chain at this time of year, including hotels, artisans, musicians, restaurants, among others.