Bolivia's Lithium Deals with Chinese and Russian Companies

SOURCE www.breitbart.com
Bolivia must pay $2 billion plus interest to Chinese and Russian companies for building lithium processing plants in the country, despite already offering them preferential extraction rights. Critics question the high interest rates and lack of profitability in the deals.

Key Points

  • Bolivia must pay $2 billion plus interest to Chinese and Russian companies for building lithium processing plants
  • Critics question the high interest rates and lack of profitability in the deals
  • Protesters in Bolivia accuse lawmakers of being 'traitors' for approving the contracts

Cons

  • High financial burden for Bolivia
  • Questionable profitability of the deals
  • Lack of state control and technological transfer