AS/COA Online | Paraguay Could Unlock Titanium Potential

Bolivia may turn out to be the Saudi Arabia of lithium, but neighboring Paraguay could corner the market on titanium. A new mineral discovery near the country’s Brazilian border may constitute the world’s largest reserves of the metal used in a range of products, from ships to space shuttles to watches.

Paraguay’s future mineral prowess hinges on the validity of an announcement by American prospector, David Lowell. The 82-year-old American geologist already has 14 major mineral finds under his belt, including the 1981 discovery of Escondida in Chile’s Atacama desert—the planet’s largest copper reserve. He has now laid claim to mineral rights in an area of Paraguay’s Alto Paraná that is roughly the size of London and told Bloomberg last week: “Our deposit could control the world titanium market, a big enough piece of production that whoever operates it would dictate what the price is going to be.”

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AS/COA Online - Lugo Seeks to Quell Coup Fears in Paraguay

Paraguay’s President Fernando Lugo spent the past week quelling coup fears after he replaced the country’s top military officials. At a November 6 ceremony where he swore in a new military commander, Lugo suggested the changes were intended to reward young, talented staff. But the reshuffling of the military deck marked the fourth since Lugo’s 14 months in power. It also comes as the ex-priest faces another paternity suit—the third since he took office. And with the crisis in Honduras on the minds of Latin American leaders, Paraguay’s latest military shake-up raised eyebrows.
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