The President of Bolivia, Luis Arce Catacora, highlighted this Wednesday that the company Yacimientos de Litio Bolivianos (YLB) has made profits of more than 427 million bolivianos (more than 61 million dollars) so far in 2022, mainly from sales of potassium chloride and lithium carbonate.
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“Our company YLB has generated 427 million Bolivians from the sale of potassium chloride and lithium carbonate, more than double what was generated in all of 2021,” reported the President on his Twitter account.
He also stressed that the government continues to work so that the evaporative sector can be considered a strong pillar of the Bolivian economy.
We are working to ensure that the evaporation sector becomes another mainstay of the economy. Our company until November 2022 @litio_boliviano generated Bs427 million from sales of potassium chloride and lithium carbonate, more than double the total for all of 2021. pic.twitter.com/RLfVidaFkF
— Luis Alberto Arce Catacora (Lucho Arce) (@LuchoXBolivia)
November 30, 2022
According to local media, the South American nation continues to invest in this area, with the startup of potassium chloride plants, lithium carbonate and two pilot plants for manufacturing batteries standing out.
In addition to the more than 21 tonnes of lithium that make up the Uyuni Salt Basin Reserve, one of the largest in the world, Bolivia will begin exploiting the Coipasa and Pastos Grandes deposits with significant amounts of the resource.
Bolivian potassium chloride is exported to countries in the region such as Brazil and Chile; The most important international buyers of lithium carbonate from the South American country are now Russia and China.