In this WorldSmart podcast, host Hunter T. Carter is joined by ArentFox Schiff Partner Sarah A. W. Fitts, as well as PPO Legal & Tax Partners Carlos Pinto and Pablo Ordonez, to discuss the lithium mining industry in Bolivia, its economic impact, and the role of the private sector. 

Bolivia is striving to balance the opportunities and risks associated with lithium mining, particularly given the global demand for lithium in electric vehicle batteries. Lithium production is expected to grow significantly in the next five years, with international companies investing in the country. The emphasis in the coming years will be on transitioning to a post-fossil economy in Bolivia, focusing on lithium and other mining sectors.

Highlights of the conversation include:- Bolivia has a significant lithium resource that is currently underexploited.- The country has shifted its policy from a purely state-owned approach to one involving joint ventures with private companies.- Foreign investment is expected to increase as Bolivia is seen as a strategic location for lithium production.- Political stability in the country is improving, making it more attractive for foreign investment.

Bolivia is aiming for a post-fossil economy, focusing on lithium and other mining sectors.