World

Bolivia - China sign agreement to build lithium carbonate plant

Nov 28, 2024

La Paz [Bolivia], November 28: 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.
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: Thanh Nien Newspaper

More news

Rival protests over S Korea's impeached President Yoon Suk Yeol held in Seoul

Seoul [South Korea], December 22: Demonstrators supporting and opposing South Korean President Yoon Suk Yeol held rival protests several hundred metres apart in Seoul on Saturday, a week after he was impeached over his short-lived declaration of martial law.

Dec 22, 2024