According to a report by Mining.com, Bolivia's new government has pledged to honour all existing hydrocarbons and lithium contracts, including those with Chinese and Russian companies, in a bid to restore investor confidence. Energy Minister Mauricio Medinaceli stated that the government would respect agreements signed by the previous administration, even where it disagrees with how they were awarded. The move is part of a broader effort to court US support and foreign capital amid economic strain. With vast but underdeveloped lithium resources, Bolivia is seeking to open lithium projects to foreign capital and increase transparency around opaque contracts. However, analysts caution that the country faces an uphill battle in an already oversupplied global lithium market.

Bolivia Backs Lithium Deals