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9 Jan 2024

China and Russia Eyes for Bolivia's Lithium

Bolivia, under President Luis Arce, has sealed a [$450 million dea](https://www.dw.com/en/russia-china-ahead-in-race-for-bolivias-lithium/a-67843534)l with Russia's Uranium One Group for lithium production. The initiative aims to alleviate the economic crisis and capitalize on the country's 23 million ton lithium reserves, which are the largest globally and critical for manufacturing electric car batteries. The project highlights Bolivia's strategy to become a stable supplier amid [political challenges](https://theglobalamericans.org/2023/11/bolivias-descent-into-deep-chaos-and-the-implications-for-the-region/).