Bolivian Lithuim, Rns - 14 Sept 20206 Jan 2021 13:57
Bolivian Lithium
Bolivia has been hard-hit (as was much of South America) by C-19, leading to postponement of planned meetings, elections, and formation of the new government.
We have had informal discussions between our local director and officials. We are hopeful of progress after the elections, which were delayed due to C-19, but likely to proceed on 18th October, 2020.
The lithium brines processing work has continued, with technical discussions. We have a steadily deeper understanding of the issues and technical parameters, and hope to incorporate these in the final agreement.
Bolivian salt pans contain at least 50% of the world's brine lithium yet it has not been developed. The EU now estimates that global demand by 2050 will be 60 times the current lithium supply. The Board believes there is no economic way to supply this without major Bolivian supplies.