Bolivia’s sovereign investment model for lithium gains international acceptance

The Government of Bolivia has announced that international companies have embraced Bolivia’s sovereign investment model for the exploitation and industrialization of lithium in the country.

This development is considered a significant achievement, reflecting mutual respect and paving the way for crucial advancements.

Franklin Molina, the Minister of Hydrocarbons and Energies, emphasized the importance of this acceptance by international companies, highlighting its positive implications for Bolivia’s progress.

The sovereign business model prioritizes Bolivia’s sovereignty, where the State plays a central role in every stage, from extraction to industrialization and the subsequent sale of lithium products.

The state-owned company Yacimientos de Litio Bolivianos (YLB) ensures sovereign and complete control over the entire production chain.

The selection process involved a transparent international call, attracting 20 companies.

After thorough evaluation and an eight-month piloting phase that utilized their technologies in the Uyuni and Coipasa salt flats, eight companies were chosen.

Following this stage, a Chinese consortium emerged as the selected partner.

On January 20, YLB signed an agreement with the Chinese company CATL BRUNP & CMOC (CBC) to establish two industrial complexes using Direct Lithium Extraction technology.

Bolivia aims to sign further agreements with additional international companies in the near future, demonstrating the positive reception and interest generated by its sovereign investment model for lithium exploration and production.

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