The nation's first indigenous leader has pledged that Bolivia will exploit the lithium reserves on its own, sustainably, and for the benefit of Bolivians.
Assuming a fusion energy output equal to the current global output (and assuming that this does not increase in the future), then the known current lithium reserves would last 3,000 years.
The Salar de Uyuni in Bolivia is the largest salt pan in the world, and contains between 50% and 70% of the world's lithium reserves.
The high demand of car companies and electric extensive products requiring lithium reserves would bring large revenues into these resource rich nations.
Since 2006 the Bolivian government have nationalized oil and gas projects and is keeping a tight control over mining its lithium reserves.
It is estimated that there are sufficient lithium reserves to power 4 billion electric cars.
Domestic opinion is divided about the exploitation of the country's lithium reserves.
It contains 50 to 70% of the world's lithium reserves, which is in the process of being extracted.
Which country has the largest lithium reserves in the world?
On February 17, 2009, Bolloré held talks with Bolivian President Evo Morales about the use of its lithium reserves for electric vehicle batteries.