LA PAZ (Reuters) – Bolivia’s government on Wednesday refused to call which of the six shortlisted corporations would help exploit its untapped lithium wealth, and the head of the country’s national lithium corporation said more than one could eventually be selected.
The government had already postponed a final announcement on its variety last month, hoping that personal partners could revive lithium mining in Bolivia’s vast salt flats, home to the world’s largest white metal deposits.
Despite decades of attempts, Bolivia has yet to achieve lithium production despite the growing demand for steel in recent years.
“It may be that there is more than one company that can do this industrialization process. The purpose is to move towards the industrialization of lithium in a way that can simply work with more than one company,” said Carlos Ramos, director of Yacimientos de Litio. Bolivianos (YLB).
“Investments for factories will be decided according to each of the technologies” that corporations will be able to offer, he added.
The government cut the maximum number from eight to six contenders earlier this month, after disqualifying U. S. startup EnergyX and Argentine power company Tecpetrol. [L1N2XW01M]
However, the landlocked country still faces wonderful and demanding situations to achieve its purpose of generating lithium-ion batteries until 2025.
A Reuters last month highlighted technological challenges, social resistance, legal hurdles and political changes that are undermining Bolivia’s extraction plans. [L2N2X906]
Meanwhile, none of the shortlisted have mined lithium on an advertising scale before.
By David Gaffen NEW YORK (Reuters) – Oil costs fell about 2 percent on Wednesday as u. S. gas and distillate inventories buildup. U. S. and considerations about the slowdown in economic expansion across the U. S. country.
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