We have extensively covered dealmaking in the market for
lithium-ion batteries used in hybrid and electric cars, including
the latest news coming from battery maker Johnson Controls Inc. and Ford Motor Co.
But here's something we didn't know: Bolivia is pretty much the Saudi Arabia of lithium, holding about 50% of the world's reserves.
A New York Times story reports that Japanese and European companies are busily trying to strike deals to tap the resource. But
nationalist sentiment about the lithium is building quickly in the government of President Evo Morales (pictured), an ardent critic of the United States. -
Baz HiralalGo to the NYT storyBattery deal coverage
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And the winners are...
