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Lithium Economics
Bolivia:
The New Saudi Arabia of the World? A Review of Recent Facts
Jun 30, 2009
In a previous blog, I argued
that three conditions needed to be met for Bolivia to become the “New Saudi
Arabia of the World”. First, the electric car rush should start along with
the launch of GM´s Volt. Second, Bolivia had to begin producing lithium
carbonate in a proportion appropriate to the world´s needs. Third, increases in
lithium prices should not make the production of other lithium resources (e.g.
spodumene) commercially viable.
A recent review of facts
gives rise to the following conclusions. First, the electric car rush along
with the launch of the Volt is on
schedule. Second, given Bolivia´s latest decision to go on its own to develop its lithium
resources, it appears that the country has chosen the most difficult route to
supply lithium carbonate to the world. And, third, this erratic behavior
is in fact encouraging the production of other spodumene lithium resources in other parts
of the world.
Under these circumstances, Bolivia seems
to start losing sight of its golden opportunity to become the “New Saudi Arabia
of the World” while postponing the inauguration of the affordable electric
vehicle era in the planet.
Times Article Viewed: 3526
Note.- This is a republication of a blog originally published on EVWorld.com on June 30, 2009.
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