Is that when you\’ve got another mineral that you need foreign capital and technology to extract, there\’s no one willing to offer you the technology and capital you need:
\”But there is a problem. Bolivia\’s socialist government has a habit of clashing with foreign multinationals in other sectors and has not clinched a deal – and, according to some, may never seal one – with the investors needed to extract significant quantities of lithium.
Foreign companies are afraid to deal with a government that confiscates assets and rips up contracts, said Carlos Alberto López, a former energy minister and consultant with Cambridge Energy Research Associates. \”Bolivia\’s ideological face does not square with business and commercial realities. I doubt lithium\’s potential will be realised in the short or medium term.\” Pessimists fear a fiasco: carmakers lacking batteries to power electric vehicles and Bolivia, one of the continent\’s poorest countries, losing an opportunity to develop.\”