Bolivian Cylindrical solar container lithium battery Company

Will Bolivia build a lithium battery plant in China?

La Paz (AFP) – Bolivia said Tuesday it had signed a $1 billion deal with China's CBC, a subsidiary of the world's largest lithium battery producer CATL, to build two lithium carbonate production plants in the country's southwest.

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.”

Will Bolivia be a key player in the lithium battery industry?

CBC will use its advanced technology and expertise to execute this project, positioning Bolivia as a key player in the global lithium battery industry chain,” he said. Since 2021, Bolivia’s YLB has worked on the exploration and quantification of lithium, reaching a record 23 million metric tons.

Where are Bolivia's lithium plants located?

Bolivia's state-owned Bolivia Lithium Deposits (YLB) said the plants -- one with an annual capacity of 10,000 tons of lithium carbonate and the other of 25,000 - would be situated in the vast Uyuni salt flats. Lithium, nicknamed "white gold," is a key component in the production of batteries for electric vehicles and mobile phones.