President Morales: Bolivia to Produce Its Own Lithium

So far battery production talks with Bollore, LG and Sumitomo, as well as Iran, have produce no agreement.

Published: 25-Oct-2010

Bolivia's president said Thursday that the Andean nation will proceed with or without a foreign partner and begin manufacturing lithium batteries. He said it will invest about $900 million and start production in 2014.

The landlocked South American nation is home to the largest known reserves of the world's lightest metal, which is used in batteries that power cell phones, laptops and other electronics. But Bolivia has so far not even moved out of the pilot phase of lithium production.

Lithium-ion batteries are expected to power the world into a new clean energy era of electric and hybrid vehicles, which are only just beginning to enter mass production.

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