In the short term, antimony, tin, and zinc are more important than lithium | En el corto plazo, antimonio, estaño y zinc, son más importantes que el litio

By El Diario:

  • The exploitation of lithium from the Uyuni Salt Flat is not an economic solution in the short term. Closer solutions should be sought, such as intensifying the exploitation of a transition metal like antimony.
THE UYUNI SALT FLAT, WHERE SIGNIFICANT LITHIUM RESERVES ARE LOCATED.

In the short term, tin, zinc, gold, silver, lead, and antimony are much more important than lithium for alleviating Bolivia’s economic crisis, according to former Minister of Mining Jaime Villalobos, who recommended turning attention to the Precambrian region in the east and the mineral deposits in the west.

For Villalobos, a doctor in geology, the exploitation of the Uyuni Salt Flat is not a panacea because, at the moment, the price of lithium carbonate has dropped from its peak of $80,000 per ton to $20,000. This price may increase due to the growing demand for electric vehicle batteries, although it is not very desirable for lithium prices to rise too much because it could incentivize the use of cheaper energy storage alternatives, such as sodium, which has already entered the market.

Lithium is not a panacea. A project of 14,000 tons of lithium will not have more impact than a medium or large mine of gold, lead, silver, or zinc that Bolivia already has,” Villalobos explained to eco$com. He also expressed disagreement with claims that the Uyuni Salt Flat is the largest lithium reserve in the world, stating that for a deposit to qualify as a “reserve,” it must be properly delimited through thorough studies that determine the quantity of lithium, its grade, its impurities, and whether it is economically exploitable with existing and available technology. “Hopefully, this will be demonstrated by the Chinese and Russian companies working in the salt flat. I have not had access to the latest information. It is a concern I have, but I believe lithium is not a pot of gold at the end of the rainbow,” said the former minister.

The Russians Are More Optimistic

The Russian company Uranium One Group has a more optimistic view. The company signed a contract with Yacimientos de Litio Bolivianos (YLB) to process lithium carbonate from the Uyuni Salt Flat, citing sector analysts’ forecasts indicating significant growth in the demand for green energy, which involves lithium.

The Russians anticipate the launch of a pilot plant in the second half of 2025, followed by a gradual expansion of production capacity and an output of up to 14,000 tons of lithium carbonate per year.

In the Pastos Grandes Salt Flat, the Russians report that the first stage of geological exploration has been completed, confirming the potential of its resources. A feasibility study for the project is currently underway.

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