Bolivia to Exploit Lithium Demand

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"Significant lithium reserves could benefit Bolivia."

Lithium's potential value as a commodity has risen sharply, and possession of significant lithium reserves could bring benefits for Bolivia, both in terms of lucrative export revenues and investment in and development of the mining sector by international corporations.

But this requires the cash-strapped government to fund the development of the country's lithium mining industry from scratch. And if the government is to achieve its aim of a fully functioning lithium mine and associated processing plants, it will need to find USD800 million, or approximately 4.6% of total 2009 GDP. It is unlikely to be able to fund such a project without foreign participation, meaning it will have to seek investment from foreign firms.

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