Bolivia will honor lithium agreements concluded by the previous government with Russia and China if the integrity and transparency of those deals are confirmed, President Rodrigo Paz said.
The deals will be reviewed and made public to allow proper scrutiny, Paz told the Financial Times in an interview published Tuesday.
Bolivian Economy Minister Jose Gabriel Espinosa told Sputnik last week that the South American nation would review the agreements to assess their compliance with new regulations.
On September 11, 2024, the Bolivian government signed a contract with Uranium One Group, a subsidiary of Russia’s nuclear giant Rosatom, to build a lithium carbonate plant with an annual capacity of 14,000 tonnes and investments of $970 million.
South America’s Lithium Triangle reveals the Dark side of our Electric Future
Two weeks later, an agreement was signed with China’s Hong Kong CBC to construct two lithium carbonate plants with comparable investment.
Bolivia holds an estimated 23 million tonnes of lithium reserves and is part of the so-called lithium triangle, which contains more than 50% of the world’s lithium reserves, alongside Argentina with 19 million tonnes and Chile with 9 million tonnes.
Sputnik / ABC Flash Point News 2026.
Amazing how many weak and corrupt countries there are in the world that bow to Trump’s bullying.