Bolivia offers Lithium reserves to India | Current Affairs, Current Affairs 2019

Bolivia offers Lithium reserves to India

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In a significant move, Bolivia, known to have the largest reserves of Lithium, has offered the metal—used in making batteries of electric vehicles, laptops and smart phones—to India.

Speaking to a news agency, the South American nation’s ambassador, Sergio Dario Arispe Barrientos said, Bolivia has the largest reserve of Lithium in the world and it can become a strategic partner to India in providing the resource. We would like India (both the government and the private sector) to explore this opportunity.

Referring to reports that India was looking at an all-electric car fleet by 2030, the ambassador said in the years to come Lithium will become a very important commodity. He mentioned that sooner we consolidate the links with particular countries, which have markets, I think it would be better in way of ensuring your needs (of meeting supply demands of Lithium).

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