Bolivia said on November 26 it had signed a $1 billion deal with China's CBC, a subsidiary of battery giant CATL, to build two lithium carbonate plants.
Lithium carbonate plant in Uyuni (Bolivia) built by Chinese company Sinomach
According to AFP, the two factories will be located in Salar de Uyuni (southwest Bolivia) - known for the world's largest lithium reserves. The two factories are expected to have a capacity of about 35,000 tons of lithium carbonate per year.
Bolivian President Luis Arce said the move paves the way for the country to become a major player in determining international lithium prices. Arce added that Bolivia is negotiating a new lithium contract with China’s Citic Guoan Group. Bolivia also recently signed a $976 million deal with Russia to build a direct lithium mining facility in Salar de Uyuni.
Source: https://thanhnien.vn/bolivia-trung-quoc-ky-thoa-thuan-xay-nha-may-lithium-carbonat-185241127233500433.htm
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