Bolivia selects CATL-led consortium to develop lithium reserves
“Bolivia selects CATL-led consortium to develop lithium reserves”
Bolivia has selected a consortium led by Chinese battery giant CATL to develop the country’s huge lithium reserves, reported Reuters.
The move is expected to unlock the country’s potential as a supplier of lithium for batteries, which are needed for the global transition to electric vehicles (EVs).
Selected following a bidding process, the consortium, which is known as CBC, will be responsible for undertaking direct lithium extraction from the country’s Uyuni and Oruro salt flats.
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CBC also includes mining giant CMOC and will hold the rights to develop two lithium plants, each with an annual production capacity of up to 25,000 tons of battery-grade lithium carbonate.
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The country aims to commence the export of lithium batteries in the first quarter of 2025, reported BBC News.