Bolivia proposes to create OPEC-like organzation for lithium producers

News Department
Author

Bolivian President Luis Arce has proposed to create an organization similar to OPEC for lithium-exporting countries. It will include Argentina, Bolivia, Peru and Chile, Report informs via 1prime.

"We have lithium in Bolivia, Chile, Argentina and Peru; we are ready to jointly develop a policy that will ensure the position of our countries as suppliers of this form of energy on sovereign terms that are favorable to our peoples," Arce said, adding that it is necessary to create an organization similar to OPEC.

In May 2022, Mexican President Andres Manuel López Obrador said that the authorities of Mexico, Bolivia, Argentina and Chile, which have lithium reserves, were discussing the creation of an association for the exchange of exploration and mining technologies for the mineral.

Other News

Lithuania prolongs sanctions against Russia, Belarus until end of 2027 28 January, 2026 / 21:06
PM: Lithuania will use funds from EU loan to strengthen air defense 28 January, 2026 / 19:52
Iran says ready for dialogue with US 28 January, 2026 / 19:28
Lithuania allocates more than 14.5 million euros for restoration of Ukraine 28 January, 2026 / 16:36
Kallas: Europe should strengthen its role in NATO 28 January, 2026 / 15:52
Kallas: Unanimity principle makes EU slow in times of crisis 28 January, 2026 / 15:37
Reuters: US to issue general license lifting some sanctions on Venezuelan oil industry 28 January, 2026 / 10:13
At least 42 killed by snowstorm in US 28 January, 2026 / 08:58
Netanyahu vows to retaliate possible Iranian attack with unprecedented force 28 January, 2026 / 08:51
Trump again hints at possibility of running for third presidential term 28 January, 2026 / 08:15
US collects $600B in customs tariffs — Trump 28 January, 2026 / 08:07
India reduces oil imports from Russia 27 January, 2026 / 18:36
Death toll from landslide in Indonesia's West Java rises to 48 27 January, 2026 / 18:11
Russian attack on Odesa kills 2, injures 22 27 January, 2026 / 18:06
EU keeps focus on minority rights in India 27 January, 2026 / 17:16
Man arrested in Austria for attempting to hijack train 27 January, 2026 / 17:00
Winter of endurance: Kyiv struggles through deepening energy crisis 27 January, 2026 / 16:47
Zelenskyy: Ukraine expects to join EU in 2027 27 January, 2026 / 16:35
Death toll from fire at shopping mall in Pakistan rises to over 70 27 January, 2026 / 16:03
India to expand joint defense production with European Union 27 January, 2026 / 14:20