07 December 2009

BOLIVIA: New Reserve Has Potential To Disrupt Lithium Markets.

BLOOMBERG/ In-Depth Story/
The world’s largest potential lithium reserve, enough to make batteries for more than 4.8 billion electric cars, is located in Bolivia. But Bolivia has NEVER built a lithium mine. But if Evo Morales builds mines, he will rock a market controlled by just two companies: New Jersey-based Rockwood Holdings and Santiago-based Sociedad Quimica y Minera de Chile SA, or Soquimich. These companies produce about 70 percent of the world’s low-cost lithium in Chile.