Salt flat wheels2/11/2024 On July 20, the US Department of the Interior announced it will hold its first-ever wind energy lease sale for areas in the Gulf of Mexico – an auction that will take place on August 29. Interior Department will hold its first-ever wind energy lease sale for Gulf of Mexico. An agreement with a German company to export lithium was dissolved by then acting president Janine Añez in 2020. The latter companies say they will invest a total of $1.4 billion to build two plants which, starting in 2025, will produce 50,000 tons of lithium a year for export. In January, it signed an agreement with Contemporary Amperex Technology of China to exploit lithium deposits then signed further agreements with China's Citic Guoan and Russia's Uranium One Group, a subsidiary of Rosatom, in June. Bolivia, Latin America’s poorest country, has been striving for nearly 15 years to boost its role as a lithium exporter, and this year is making significant steps. Speaking at the Coipasa salt flat on July 20, Arce said of the reserve, “We have to know how to manage it intelligently to exploit and transform this resource.” Global demand for lithium, an essential component in electric vehicle batteries, is soaring. The studies increase the size of the country’s reserve by 2 million tons, putting it ahead of neighbors Argentina and Chile. Bolivian President Luis Arce has announced that new geological studies show that Bolivia has the largest lithium reserve in the world, an estimated 23 million tons. In this regular bulletin, DLA Piper lawyers provide concise updates on key developments in the industrials sector to help you navigate the ever-changing business, legal and regulatory landscape.īolivian lithium reserves. Welcome to Industrials Regulatory News and Trends.
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