Bolivia wants to make a deal with India to get lithium from India.

Bolivia's ambassador in India Sergio Dario Arispe Barrientos said that the South American countries hope to establish the intergovernmental cooperation agreement with India to extract lithium from their country.

New Delhi: used in electric vehicle (EV), smart phones and laptops lithium battery surge in demand in Bolivia have a large number of national interest in exploitation of metal of known reserves.

Triangle of Bolivia and Argentina and Chile form so-called lithium has to countries exploration and exploitation of metal as well as the production of value-added products.

A quarter of global reserves of lithium, Bolivia has announced that it is of strategic assets. This means that any foreign company must cooperate with the state-owned enterprise YLB Bolivia's lithium reserves can be attained.

Bolivia's ambassador to India Sergio Dario Arispe Barrientos said in an interview, South American countries hope to establish the government agreement between the government, with India in extracting lithium from their country.

Bilateral trade between India and Bolivia now for $500 million to $4.5.This compared with the $1.5 billion between China and Bolivia. However, Barry toth said, Chinese companies to enter will not interfere with the Indian counterparts do business in Bolivia.

"The Indian market demand for lithium is expected to be 350000 tons per year, with India association of automobile manufacturers (SIAM) shows that the officials of discussion. Bolivia is trying to form a 15000 tons of production capacity of the factory, and Indian demand will increase, "he said.

In India adopted the electric car is the biggest obstacle to the purchase of lithium, because there is no any government and any country about the arrangement of the exploration and exploitation of lithium.

Due to the Indian embassy in Bolivia, India is also at a disadvantage, and countries such as Germany and China have established their own mission." India even in Bolivia embassy, but China has an embassy. Who has the advantage? The ambassador said.

Bolivia's government recently with the German ACI system co., LTD. Signed the extracting lithium and manufacturing in the country lithium ion batteries in the contract. The German company will invest 1.3 billion dollars for the project.

Countries such as Bolivia, however, is seeking to strengthen relations with India, India is in the next 10 to 15 years promoting electric and hybrid cars for one of the group of 20 economies, and considering the expansion of the Indian market.

In may this year, led by Bolivia's foreign minister, will arrange the first ministerial delegation ever to visit India. According to bari um toth, lithium will become the most important issues, and some important announcement will be published.

Last week, ambassador for the United Nations, new energy and renewable energy minister RKSingh and officials in SIAM, proved the work very fruitful.

Bolivia's lithium countries like Australia and Chile, it was found under the salt flats, enterprises do not need to dig deeper into the metal, thereby saving the cost. Experts say, on the other hand, Bolivia lithium by magnesia content is not pure, so you need to improve later.

Like the Suzuki company plans to produce lithium ion in India battery, ensure that the source of lithium can be a daunting task. As a result, India may consider in the near future with Bolivia and other countries to reach an agreement. Bolivia has the ability to export 15000 tons of lithium, so far, far less than demand. However, with the new investment, this ability is expected to increase in many aspects.

"Maybe India does not have the financial clout of Chinese, but it does have the upcoming market. If you are willing to share this with Latin American market, it will give you enough political influence, "the ambassador said.

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