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Breaking News did foreign thirst for lithium and profit make morales leave | Breaking News

Did Foreign Thirst For Lithium And Profit Make Morales Leave

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by: Eoin Higgins
did foreign thirst for lithium and profit make morales leave | Breaking News

Bolivian Coup Comes Less Than a Week After Morales Stopped Multinational Firm's Lithium Deal. Bolivia's lithium belongs to the Bolivian people, not to multinational corporate cabals.

The Sunday military coup in Bolivia has put in place a government which appears likely to reverse a decision by just-resigned President Evo Morales to cancel an agreement with a German company for developing lithium deposits in the Latin American country for batteries like those in electric cars. 

Evo Morales

In his cabinets he appointed many women and indigenous politicians. Morales raised the minimum wage, tackled poverty and nationalized companies. He also told the International Monetary Fund (IMF). The new president himself set a good example by drastically reducing his own salary and that of his ministers. When traveling abroad, the world saw a head of state dressed in simple, colorful sweaters. It all strengthened his image of ‘man of the people’.

Thirst For Profit: The Tunari Water War

In 2000, the Tunari Waters corporation doubled the price at which they sold water to Bolivian consumers, resulting in a backlash from leftist activist groups, including the cocaleros. Activists clashed with police and armed forces, in what was dubbed ‘the Water War’,. Responding to this, the government removed the contract from Tunari and placed the utility under cooperative control.

Recommended: Fog Catchers: Making Water Out Of Air In Africa, Peru, Chile

Did Foreign Thirst For Lithium And Profit Make Morales Leave

Where is lithium found in Bolivia?
It is in the Daniel Campos Province in Potosí in southwest Bolivia, near the crest of the Andes and is at an elevation of 3,656 meters (11,995 ft) above sea level.

The coup, which on Sunday resulted in Morales resigning and going into hiding, was the result of days of protests from right-wing elements angry at the leftist Morales government. Sen. Jeanine Añez, of the centre-right party Democratic Unity, is currently the interim president in the unstable post-coup government in advance of elections.
Investment analyst publisher Argus urged investors to keep an eye on the developing situation and noted that gas and oil production from foreign companies in Bolivia had remained steady. 

Recommended: Environmental Costs Of Lithium Battery Addiction: Worldwide

The Morales move on Nov. 4 to cancel the December 2018 agreement with Germany's ACI Systems Alemania (ACISA) came after weeks of protests from residents of the Potosí area. The region has 50% to 70% of the world's lithium reserves in the Salar de Uyuni salt flats.


                                               Did Foreign Thirst For Lithium And Profit Make Morales Leave
                                            The Lithium Rush: Bolivia looks to profit from battery production

How does lithium mining work?
After spodumene is mined, it's heated to 1100°C, then cooled to 65°C and ground up, mixed, and roasted with concentrated sulfuric acid. The sulfuric acid kicks off a reaction in which lithium sulfate replaces hydrogen. The slurry is then filtered and a number of additional compounds are added.

Foreign Thirst For Lithium And Profit 

Among other clients, ACISA provides batteries to Tesla; Tesla's stock rose Monday after the weekend. As Bloomberg News noted in 2018, that has set the country up to be incredibly important in the next decade: Demand for lithium is expected to more than double by 2025. The soft, light mineral is mined mainly in Australia, Chile, and Argentina. Bolivia has plenty - 9 million tons that have never been mined commercially, the second-largest amount in the world - but until now there's been no practical way to mine and sell it.

Recommended: Lithium: The New Oil Source Could Be Extracted From Seawater
Salt planes Bolivia green, white, blue

Morales' cancellation of the ACISA deal opened the door to either a renegotiation of the agreement with terms delivering more of the profits to the area's population or the outright nationalization of the Bolivian lithium extraction industry.

As Telesur reported in June, the Morales government announced at the time it was determined to industrialize Bolivia and has invested huge amounts to ensure that lithium is processed within the country to export it only in value-added form, such as in batteries. It's unclear what the next steps are for the industry in a post-coup Bolivia.

Is Lithium dust dangerous?
Breathing lithium dust or alkaline lithium compounds irritates respiratory tracts. Prolonged exposure to lithium can cause fluid to build-up in the lungs, leading to pulmonary edema. The metal itself is a handling hazard because of the caustic hydroxide produced when it is in contact with water causing an explosion.

In the longer term, continued political uncertainty will make it more difficult for Bolivia to increase its production of strategic metals like lithium or develop a value-added sector in the battery market. The poor investment climate comes at a time of expanding global opportunities in lithium-ion battery production to meet rising demand from electric vehicle manufacturing. ACISA told German broadcaster DW last week that the company was confident that our lithium project will be resumed after a phase of political calmness and clarification.

Last Sunday the 10th of November 2019, Morales resigned.

Before you go!

Recommended: Electric Cars: Truly Green Or A New Kind Of Liability?

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Breaking News, as the world changes…

In our world, WhatsOrb refuses to turn away from the changes in our society and environment which succeeds each other at a rapid pace.

For WhatsOrb, publishing on the environment is a priority. We give reporting on climate, nature, waste, lifestyle and sustainable solutions the prominence it deserves.

At this turbulent time for ‘all’ species and our planet, we are determined to inform readers about threats, consequences and solutions based on facts, not on political prejudice or business interests.

WhatsOrb Breaking News will be published as soon as urgent events from around the world and startling sustainable innovations reach us.

If there is anything we should know and publish about, please send a note to: i[email protected] or write your own story on: www.whatsorb.comthe only news site which gives you a ‘sustainable voice!’

Did Foreign Thirst For Lithium And Profit Make Morales Leave

Bolivian Coup Comes Less Than a Week After Morales Stopped Multinational Firm's Lithium Deal. Bolivia's lithium belongs to the Bolivian people, not to multinational corporate cabals. The Sunday military coup in Bolivia has put in place a government which appears likely to reverse a decision by just-resigned President Evo Morales to cancel an agreement with a German company for developing lithium deposits in the Latin American country for batteries like those in electric cars.  Evo Morales In his cabinets he appointed many women and indigenous politicians. Morales raised the minimum wage, tackled poverty and nationalized companies. He also told the International Monetary Fund (IMF). The new president himself set a good example by drastically reducing his own salary and that of his ministers. When traveling abroad, the world saw a head of state dressed in simple, colorful sweaters. It all strengthened his image of ‘man of the people’. Thirst For Profit: The Tunari Water War In 2000, the Tunari Waters corporation doubled the price at which they sold water to Bolivian consumers, resulting in a backlash from leftist activist groups, including the cocaleros. Activists clashed with police and armed forces, in what was dubbed ‘the Water War’,. Responding to this, the government removed the contract from Tunari and placed the utility under cooperative control. Recommended:  Fog Catchers: Making Water Out Of Air In Africa, Peru, Chile Did Foreign Thirst For Lithium And Profit Make Morales Leave Where is lithium found in Bolivia? It is in the Daniel Campos Province in Potosí in southwest Bolivia, near the crest of the Andes and is at an elevation of 3,656 meters (11,995 ft) above sea level. The coup, which on Sunday resulted in Morales resigning and going into hiding, was the result of days of protests from right-wing elements angry at the leftist Morales government. Sen. Jeanine Añez, of the centre-right party Democratic Unity, is currently the interim president in the unstable post-coup government in advance of elections. Investment analyst publisher Argus urged investors to keep an eye on the developing situation and noted that gas and oil production from foreign companies in Bolivia had remained steady.  Recommended:  Environmental Costs Of Lithium Battery Addiction: Worldwide The Morales move on Nov. 4 to cancel the December 2018 agreement with Germany's ACI Systems Alemania (ACISA) came after weeks of protests from residents of the Potosí area. The region has 50% to 70% of the world's lithium reserves in the Salar de Uyuni salt flats. {youtube}                                                Did Foreign Thirst For Lithium And Profit Make Morales Leave                                             The Lithium Rush: Bolivia looks to profit from battery production How does lithium mining work? After spodumene is mined, it's heated to 1100°C, then cooled to 65°C and ground up, mixed, and roasted with concentrated sulfuric acid. The sulfuric acid kicks off a reaction in which lithium sulfate replaces hydrogen. The slurry is then filtered and a number of additional compounds are added. Foreign Thirst For Lithium And Profit  Among other clients, ACISA provides batteries to Tesla; Tesla's stock rose Monday after the weekend. As Bloomberg News noted in 2018, that has set the country up to be incredibly important in the next decade: Demand for lithium is expected to more than double by 2025. The soft, light mineral is mined mainly in Australia, Chile, and Argentina. Bolivia has plenty - 9 million tons that have never been mined commercially, the second-largest amount in the world - but until now there's been no practical way to mine and sell it. Recommended:  Lithium: The New Oil Source Could Be Extracted From Seawater Morales' cancellation of the ACISA deal opened the door to either a renegotiation of the agreement with terms delivering more of the profits to the area's population or the outright nationalization of the Bolivian lithium extraction industry. As Telesur reported in June, the Morales government announced at the time it was determined to industrialize Bolivia and has invested huge amounts to ensure that lithium is processed within the country to export it only in value-added form, such as in batteries. It's unclear what the next steps are for the industry in a post-coup Bolivia. Is Lithium dust dangerous? Breathing lithium dust or alkaline lithium compounds irritates respiratory tracts. Prolonged exposure to lithium can cause fluid to build-up in the lungs, leading to pulmonary edema. The metal itself is a handling hazard because of the caustic hydroxide produced when it is in contact with water causing an explosion. In the longer term, continued political uncertainty will make it more difficult for Bolivia to increase its production of strategic metals like lithium or develop a value-added sector in the battery market. The poor investment climate comes at a time of expanding global opportunities in lithium-ion battery production to meet rising demand from electric vehicle manufacturing. ACISA told German broadcaster DW last week that the company was confident that our lithium project will be resumed after a phase of political calmness and clarification. Last Sunday the 10th of November 2019, Morales resigned. Before you go! Recommended:  Electric Cars: Truly Green Or A New Kind Of Liability? Did you find this an interesting article or do you have a question or remark? Leave a comment below. We try to respond the same day. Like to write your own article about sustainability? Click on  'Register'  or push the button 'Write An Article' on the  'HomePage'
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