LA PAZ, Bolivia (AP) — The total of Bolivia’s confirmed lithium resources has increased 2 million tons to 23 million tons, the Andean country’s president said Thursday.
The new estimate further cements Bolivia’s position as the country with the world’s biggest known deposits of lithium, which is in high demand for use in batteries.
“We are the largest lithium reserve in the world, and we have to know how to manage it intelligently to exploit and transform this resource,” President Luis Arce said at the Coipasa salt flat, around 280 kilometers (175 miles) south of the capital of La Paz.
Bolivia has stepped up its search for international partners to help develop its lithium reserves at a time when demand for the metal is soaring amid the transition to renewable energy around the world and the growth in electric vehicles powered by lithium batteries.
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