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Bolivian Coup Comes a Few Days After Morales Blocked Multinational Lithium Deal

Ah, then came the dawn. Bolivian Coup Comes a Few Days After Morales Blocked Multinational Lithium Deal | 12 Nov 2019 | The military coup in Bolivia has put in place a government which is set to reverse a decision by President Evo Morales to cancel an agreement with a German company for developing lithium deposits for batteries. "Bolivia's lithium belongs to the Bolivian people," tweeted Washington Monthly contributor David Atkins. "Not to multinational corporate cabals." The Morales move on Nov. 4 to cancel the December 2018 agreement with Germany's ACI Systems Alemania (ACISA) came after weeks of protests from residents of the Potosí area. The region has 50% to 70% of the world's lithium reserves in the Salar de Uyuni salt flats. Among other clients, ACISA provides batteries to Tesla; Tesla's stock rose Monday after the weekend.