Wednesday, December 25, 2019

Bolivia's Coup and Lithium

Former Bolivia president Evo Morales told AFP that he was forced from office by a United States-backed coup d'etat aimed at gain access to the South American country's vast lithium resources.

Demand for lithium is expected to grow globally as it is one of the key components in batteries used in high-tech equipment such as laptops and electric cars. Bolivia does have the largest confirmed lithium resources in the world, but they are widely thought to be of poor quality, and the country lacks the infrastructure to exploit them profitably.
"It was a national and international coup d'etat," Morales told AFP in an exclusive interview in Buenos Aires, where he has been living in exile after claiming asylum.
"Industrialized countries don't want competition."
Morales said Washington had not "forgiven" his country for choosing to seek lithium extraction partnerships with Russia and China rather than the US. [the original deal was with the French, SOYMB]
"That's why I'm absolutely convinced it's a coup against lithium," he said.
"We as a state had begun industrializing lithium... As a small country of 10 million inhabitants, we were soon going to set the price of lithium. They know we have the greatest lithium reserves in the world of 16,000 square kilometers (over 6,100 square miles)."

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