Bolivian President Evo Morales Visits Russia And Agrees Crucial Lithium Deal With Putin!

During an official visit to Russia, Bolivia's President Evo Morales discussed Thursday with his Russian counterpart Vladimir Putin the two countries cooperation on the hydrocarbon industry while hoping to expand their industrialization efforts of lithium.

"Our great wish is that we continue working as we have done on the subject of hydrocarbons," Morales said at the beginning of his meeting with Putin in Moscow, where he recalled that both countries are already cooperating in energy industries.

Morales went on to say that Bolivia "has begun the industrialization of lithium" and that he is interested in "Russia accompanying" the Andean country in this new energy, "which will be very important in the world."

Besides being applied for the medical treatment of bipolar disorder, Lithium is used for the producing of aluminum products, shock-resistant glasses, ceramics, cosmetics, and plastics. It is also required in high-tech military, industrial, automotive, aircraft, and marine applications.

“The global demand for lithium, the lightweight metal used to make high-powered batteries for cell phones, laptops, and hybrid cars, is expected to triple in the next 15 years. From 50 to 70 percent of the world's supply of this critical mineral is contained in just one place -- Bolivia's Uyuni salt flats,” the Foreign Policy review reported.
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