India and Bolivia signed for the development and industrial use of lithium

Posted on:03 Apr 2019 12:07:18
India and Bolivia signed for the development and industrial use of lithium
03 April 2019 Current Affairs:

India and Bolivia have signed an agreement for the development and industrial use of lithium during the state visit of the President Ram Nath Kovind to Bolivia. Lithium is a prime component used to power electric vehicles and cell phones.
India and Bolivia agreed to forge a mutually beneficial partnership to facilitate Bolivian supplies of lithium Carbonate to India. The countries also plan to foster joint ventures for lithium battery/cell production plants in India. 
This agreement will make Bolivia one of the major provider of metal for India's e- mobility and e-storage needs. Bolivia is known to have one-fourth of the world's lithium reserves. The agreement facilitates mechanisms for the commercialization of Lithium Carbonate and Potassium Chloride produced in Bolivia by Yacimientos de Litio Bolivianos Corporation (YLB Corporation).
Bolivia:
President: Evo Morales
Vice President: Alvaro García Linera
Capital: Sucre (constitutional)
                 La Paz (seat of government)
Currency: Boliviano (BOB)

India and Bolivia have signed an agreement for the development and industrial use of lithium during the state visit of the President Ram Nath Kovind to Bolivia. Lithium is a prime component used to power electric vehicles and cell phones.
India and Bolivia agreed to forge a mutually beneficial partnership to facilitate Bolivian supplies of lithium Carbonate to India. The countries also plan to foster joint ventures for lithium battery/cell production plants in India. 
This agreement will make Bolivia one of the major provider of metal for India's e- mobility and e-storage needs. Bolivia is known to have one-fourth of the world's lithium reserves. The agreement facilitates mechanisms for the commercialization of Lithium Carbonate and Potassium Chloride produced in Bolivia by Yacimientos de Litio Bolivianos Corporation (YLB Corporation).
Bolivia:
President: Evo Morales
Vice President: Alvaro García Linera
Capital: Sucre (constitutional)
                 La Paz (seat of government)
Currency: Boliviano (BOB)


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