Is Bolivia advancing in the manufacture of lithium batteries?
La Paz, May 20 (Prensa Latina) The Bolivian Lithium Deposits Corporation is advancing in the manufacture of lithium batteries for laptops, photovoltaic systems and electric cars, Deputy Minister of High Energy Technologies, Álvaro Arnez, assured today.
Does Bolivia have a lithium plant?
This follows a deal between Bolivia’s state-run lithium company, Yacimientos del Litio Bolivianos (YLB), and a Chinese consortium. CATL agreed to invest over $1 billion in the project’s first stage for rights to develop the two lithium plants. Despite being a global leader in electric vehicle batteries, CATL does not currently produce any lithium.
Do Bolivian companies use batteries?
Ramos reported in mid-April that Bolivian public and private companies such as Quantum Motors, Movi and Qipus use the batteries created by that company with good results, and now the corporation has a wide range of energy storage elements and the capacity to develop them.
Will Bolivia and China extract lithium from South America?
Bolivia and China have signed an agreement for the extraction of lithium from the South American country. The service contract, worth US$1.03 billion, will enable the development of the final engineering design, construction and operation of a plant that will produce 10,000 tons of battery-grade lithium carbonate per year.
What's going on with Bolivia's largely untapped lithium reserves?
Sources In a significant move towards the development of Bolivia's largely untapped lithium reserves, Chinese battery giant CATL has confirmed a $1.4 billion investment. The deal, which was cemented on Sunday, is a continuation of a partnership with the Bolivian government that was established in January.
Does Bolivia have a lithium deal with CBC?
The agreement signed this week formalizes a previous one dated January 2023, which Bolivia had negotiated with CBC. A subsidiary of the Chinese firm CATL, Bolivia’s Arce has previously referred to it as “the number one [entity] in the world in the production of lithium batteries.”
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