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Start-Up MOBI LATAM partners with EnergyX to develop Bolivian domestic lithium battery supply chain

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Both companies will work towards creating a Bolivian domestic lithium battery supply chain to develop the region’s electric mobility market. Bolivia is lithium-rich; the USGS estimates identified lithium reserves in the country to be 21 million tons—ahead of Argentina and Chile, the other members of the “lithium triangle”.

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Rough road for EV industry

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Chile and Bolivia appear to be heading down the same path, placing rigid restrictions on outside access to the countries’ lithium. Mexico is also pushing for a coalition with Bolivia, Chile and Argentina to create a lithium version of OPEC, which would control more than half of the world’s lithium resources.

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China’s battery supply chain tops BNEF ranking for third consecutive time; Canada close 2nd, US drops to 3rd

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—Yayoi Sekine, head of energy storage at BNEF. In BNEF’s 2027 rankings, countries in South America see the biggest declines, notably Brazil and Bolivia. Bolivia was at the bottom of the rankings this year. Finland placed the highest in Europe and was ranked fourth in the overall rankings.

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Tesla And Other Tech Giants Scramble For Lithium As Prices Double

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And the battle for market share in and around this commodity has everyone from major tech players to trend-setting investor gurus vying for a foothold. For the electric vehicle industry alone, Goldman Sachs predicts that for every 1 percent rise in EV market share, lithium demand will rise by 70,000 tons per year.

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Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

Most of the worlds Lithium is located in Bolivia, 50% plus. Which means we would be extremely vunerable to Bolivia for our transportation needs, to a degree which we have never been to a foreign country. Bolivia is no friend of the USA. Finally there may be new energy storage that requires less lithium.

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