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Bolivia Cancels Lithium JV with German ACI Systems Alemania

Metal News - Published on Wed, 06 Nov 2019

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The Bolivian government has cancelled a joint partnership with Germany's privately owned ACI Systems Alemania to develop a massive lithium project. Residents in the city of Potosi, where the joint venture had planned to build a factory for electric vehicle batteries and a lithium hydroxide plant, have been protesting since early October against the project. Organized by the Potosi Civic Committee, protesters say the project would not benefit local communities. Potosi Department Governor Mr Carlos Cejas said that he had received a decree from the government of President Mr Evo Morales to overturn a previous decree permitting the project

No reason was provided for the decision, but Mr Cejas accused agitators from inside and outside the state of undermining development in the region.

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Posted By : Rabi Wangkhem on Wed, 06 Nov 2019
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