situation report

Aug 1, 2018 | 18:31 GMT

1 min read

Bolivia: Potassium Plant To Be Inaugurated by End of August

What Happened: A potassium plant being built by China CAMC Engineering Co. Ltd. in Uyuni, Bolivia, will be inaugurated by the end of August, La Razon reported July 31.

Why It Matters: Bolivia is attempting to diversify its economy away from natural gas, enabling China to increase its presence there through investment.

Background: Natural gas represents over 30 percent of Bolivia's exports. However, Argentina and Brazil, where most of the gas is sent, have increased their production, prompting Bolivia to diversify its economy.

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