Key Minerals in the American Continent: Bolivia's President: Bolivia Will Fulfill the Lithium Agreement Signed with Russia and China After Confirming Its Legality and Compliance
Russia Satellite News, Moscow, February 3 - Bolivian President Rodrigo Paz stated that his government will respect the lithium production agreement signed with Russia and China if it can be confirmed that the previous government's agreement is legal and compliant.
Bolivia's Minister of Economy, Jose Gabriel Espinoza, previously told Russia Satellite News that the country's government would review the lithium production agreements signed with Russia and China to ensure they comply with all regulations and new legal rules.
Paz said in an interview with the UK's Financial Times: "The agreement (note: editor's note) will only be complied with if it is transparent."
Paz also pointed out that the contracts signed with Russia and China in the lithium sector will be reviewed and the contract texts will be made public.
On September 11, 2024, the Bolivian government signed a contract with the subsidiary of Russia's State Atomic Energy Corporation, Uranium One Group, to invest $970 million in building a factory with an annual capacity of 14,000 tons of battery-grade lithium carbonate. Two weeks later, Bolivia signed an agreement with the Hong Kong-based CBC Company to build two lithium carbonate production plants with the same investment scale.
Bolivia has lithium reserves of 23 million tons, together with Argentina (19 million tons) and Chile (9 million tons), forming the "Lithium Triangle," where more than 50% of the world's lithium reserves are located.
Original: toutiao.com/article/1856135804838921/
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