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What happened in Bolivia? Lithium and big business.
  • Vitaliy_KiselevVitaliy_Kiselev

    In 2017 Morales started talking about lithium mining. The country holds vast amounts of the mineral used in mobile phones, power tools and electric cars, but has so far done virtually nothing with it. The more than doubling of the lithium carbonate price between 2010 and 2017 no doubt had the President visualizing dollar signs. “We will develop a huge lithium industry, over $800 million have already been made available,” Morales told the German DPA news agency.

    Issue had been that government made state owned company that was not controlled by biggest companies who are lithium call producers as most other such companies. And who did not sell product using special agreement and ultra low prices, not good.

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  • jleojleo

    from FEBRUARY 6, 2019

    LA PAZ (Reuters) - Bolivia has chosen a Chinese consortium to be its strategic partner on new $2.3 billion lithium projects, the government said on Wednesday, giving China a potential foothold in the country’s huge untapped reserves of the prized electric battery metal.

    https://www.reuters.com/article/us-bolivia-lithium-china-idUSKCN1PV2F7

  • jleojleo

    The main target is its massive deposits of lithium, crucial for the electric car.....

    Tesla (United States) and Pure Energy Minerals (Canada) both showed great interest in having a direct stake in Bolivian lithium. But they could not make a deal that would take into consideration the parameters set by the Morales government. Morales himself was a direct impediment to the takeover of the lithium fields by the non-Chinese transnationals. He had to go.

    After the coup, Tesla’s stock rose astronomically.

    https://www.asiatimes.com/2019/11/opinion/chinas-links-with-morales-figure-in-bolivia-coup/

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