j.messerschmidt at verizon.net
Tue Feb 3 09:26:02 CST 2009
If you haven't seen the NY Times this morning there's an article about
Bolivia becoming the Saudi Arabia of lithium, a critical component in
batteries. As more and more electric cars are manufactured, lithium could
potentially become as valuable as oil. Bolivia has an estimated 5.4 million
tons, compared with 3 million tons in China and 410,000 in the US. Of
course the same movie is played yet again, Bolivia is not all that friendly
with the US. Also, the majority of the deposits are under indigenous lands.
It will be interesting to watch how the worlds largest corporations and
governments will exploit these resources while keeping the original
inhabitants of the land poor and dependant on them for survival.
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