Morales Explains Reasons Behind Bolivia’s Coup: It Is All About Lithium!

The crisis in Bolivia occurred because of the government’s plans to develop the lithium industry, said former President Evo Morales in interview to RT. According to him, Bolivia has the largest lithium reserves. This metal is needed for the production of batteries and electric vehicles. Over the course of 5 years, the country’s government planned to open over 40 factories for its production. When we would have finished with plans for lithium production, then Bolivia would become a key player and dictate prices in the global lithium market. Now I understand that some developed countries did not want such competition.

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