Bolivia Eyeing Lithium Development Deal with Korea

  • Arirang News

    August 10, 2010 11:24

    Korea and Bolivia are poised to boost their cooperation in lithium development.

    According to the Ministry of Knowledge Economy and the Korea Resources Corporation, Bolivian President Evo Morales will make a three-day state visit to Korea at the end of this month with lithium development high on his agenda.

    About 40 percent of the world's lithium reserves are in Bolivia and countries including Korea, Brazil, France and Japan are facing off for the rights to develop the core element used in producing rechargeable batteries.

    Korean companies such as LG Chem and Samsung SDI are among the leaders in the global production of rechargeable lithium-ion batteries.

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