Lithium industry – Primer Latin America represents a huge concentration of lithium as a resource and reserves, the latter representing ca. 61% of global reserves. Of note, Bolivia does not feature in those reserves statistics as of year-end 2017. More Opinion: Beyond pilot trials – Lithium extraction […]
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Opec has again lowered its forecast for 2019 oil demand growth in a further sign Saudi Arabia and its partners inside and outside the cartel could be forced to cut supplies to bring the market into balance.
Due to a high demand bureaus exchange in La Paz were left without dollars for selling to the public. The incident occurred a week after the Bolivian Central Bank decided to close the sell of the US currency through its windows.
Bolivia received more than $US36 bn thanks to the nationalisation of hydrocarbons companies in 2006, according to the President of the state oil corporation (YPFB).
Paraguay is currently working on the Bolivian proposal to enhance the Paraguay-Parana waterway. The current transport capacity on the waterway is of 100 million tonnes per year. The Paraguayan Minister of Public Works said that his country is ready to support any integration initiative in the region.
The Bolivian State Oil corporation (YPFB) pays to sugar mills in the country up to 26.7% more for ethanol than the market price in Brazil. Sugar mills are paid $US0.71 cents per litre while in Brazil the price is $US0.52 cents.
During the first semester of 2018, Bolivia exported more than $US 2 billion in metals. The Vice-Minister of Mining, Gualberto Hochkofler, said that the volume of exports increased by 17% compared to the same period of 2017.
Bolivia’s lithium state corporation (YLB) Juan Carlos Montenegro, announced that Bolivia will ship its first 15,000 tonnes of potassium chloride to the Brazilian market by the first week of December.
Bolivia’s state lithium corporation (YLB) ordered to proceed with the building of a lithium carbonate industrial plant from this month in Uyuni. YLB’s CEO Juan Carlos Montenegro said that the construction of the plant corresponds to the second phase of the industrialisation of lithium in Bolivia.
Illegal extraction of tin in Huanuni, one of the most important mining centres in Bolivia, have caused the loss of $US2 million in the first eight months of this year. The former president of Bolivia’s Mining Corporation (COMIBOL) Hector Cordova, warned that there is a lack of scientific control of the mining activities that favour the illegal extraction of tin, an activity known as “juqueo”.