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Evo Travels to Iran, Seeks Lithium Investment

Posted: Nate on Oct 24 | Business & Economy, International

Bolivian President Evo Morales left for Tehran, Iran last night to discuss investments in the development of Bolivia´s lithium deposits with Iranian President Mahmoud Ahmadinejad.  According to Bolivian Foreign Minister David Choquehuanca, “the President has a meeting with President Ahmadinejad, the [Iranian] foreign minister, and other ministers to revise a biliteral agenda; we know there´s interest in cooperation from the producion and industrial sector.  Every country is interested in lithium so we´re not going to rule anything out.”  President Morales´ 4-day visit to Iran comes on the heels of his announcement last week that Bolivia´s lithium reserves guarantee a worldwide supply for 5,000 years but will require a $900 million investment to begin extracting and processing the metal.  President Ahmadinejad has visited Bolivia twice before and his country  has made investments in milk processing plants and hospitals that approach $1 billion.

For more in Spanish see:

http://www.erbol.com.bo/noticia.php?identificador=2147483935958

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