President Luis Arce says that Bolivia could export lithium batteries in 2026

The president of bolivianLuis Arce, said Tuesday that the country could begin to export batteries of lithium starting in 2026, as part of the government’s plan to industrialize the vast resources of the white metal, a key component for powering electric vehicles.

In an interview on local television, Maple said direct extraction methods would help the country produce cathodes by 2025 and export lithium batteries early the following year.

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Bolivia’s salt flats are home to the world’s largest lithium resources at 21 million tons, according to the US Geological Survey, but the country has almost no industrial production or commercially viable reserves.

“The direct extraction of lithium allows us to reach the industrialization of lithium more quickly that with the old logic of brines and the traditional development of lithium exploitation“, he pointed Maple.

“This will allow us to be producing cathodes by 2025 and exporting at the beginning of 2026, lithium batteries. That is an important qualitative leap”he claimed.

Maple He said his government plans to be involved not only in mining the metal, but also in the commercial phases of its development.

The South American leader also renewed calls for an alliance in the so-called lithium trianglean area of ​​sprawling salt flats that also spans Chile and Argentina and which is estimated to contain more than half of the resources of lithium of the world.

Such an alliance could, similar to the Organization of the Petroleum Exporting Countries (OPEC), determine prices, he said. Mexico, which first floated the idea of ​​a cross-border partnership, could become an important ally, Arce added.

Source: Elcomercio

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