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General Market Commentary
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General Energy
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General Market Commentary
Bolivia nearing deal on partner to develop lithium: minister
LA PAZ (Reuters) - Bolivia’s energy minister said on Thursday the government would pick a partner to develop the country’s ample lithium resource “in coming days” after narrowing the field of candidates to two firms from Russia and Germany.
The South American nation hopes to sign a deal with a foreign partner after a decade of state-led development left output far short of goals for the metal, coveted by makers of batteries for devices from laptops to electric cars.
“We’ve received various offers, eight in total each with different proposals. Today we’re concentrating on two in particular, from Russia and Germany,” Rafael Alarcon said at a news conference.
Bolivia boasts nearly a quarter of the world’s known resources of the world’s lightest metal. Still, production lags far behind neighboring Chile and Argentina.