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Bolivia president to attend BRICS summit in bid for new investment

Bolivian President Luis Arce will attend next month's BRICS summit in South Africa as the South American country looks for stronger partnerships and investments to help boost commodities exports and develop its emerging lithium industry, the foreign minister said on Monday. "We seek to move towards sustainable, inclusive development and to strengthen cooperation ties with these emerging economies," Bolivian Foreign Minister Rogelio Mayta said at a press conference. The Bolivian president will join senior officials from Brazil, Russia, India, China and South Africa (BRICS) at the geopolitical bloc's Aug. 22-24 annual meeting in Johannesburg, where a top issue for discussion will be whether to admit new member countries.

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Overseas Countries Taking More Controls Toward Lithium Resources_SMM

Recently, the long-lost "OPEC-like cartel for the lithium industry" concept has once again entered the sight of the lithium market with the speech of the Ministry of Foreign Affairs of Bolivia.