By Juan Carlos Zuleta
This is the first of a series of contributions on the joint venture between Bolivian Lithium Deposits and ACI Systems from Germany to extract lithium hydroxide from Salar de Uyuni. It is aimed at describing at length what I have called Bolivia’s worst economic business in national history. In addition, it highlights the contrasting views of the two partners in terms of vision and scope of the new association. At last, it also shows a number of contradictions identified in their respective press releases with respect to Supreme Decree No. 3738 that officially establishes the new joint venture.
Since its foundation, which occurred on December 12, 2018 in Berlin, Germany, amid a marked secrecy and a huge lack of transparency, the joint venture formed by Bolivian Lithium Deposits (henceforth called YLB) and ACI Systems Germany GmbH (henceforth denominated ACISA) seems to present different perspectives from the two partner...