EconomyLens.com
No Result
View All Result
Wednesday, September 3, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Bolivia announces $1 bn deal with China to build lithium plants

Andrew Murphy by Andrew Murphy
November 26, 2024
in Economy
Reading Time: 3 mins read
A A
1
30
SHARES
372
VIEWS
Share on FacebookShare on Twitter

The plants are to be situated in Bolivia's vast Uyuni salt flats. ©AFP

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. 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.

Related

Iran’s small businesses hit by rolling blackouts

UK govt pledges to keep grip on spending ahead of budget

England moves to ban sale of energy drinks to children

Premier League clubs break £3 billion barrier to roar ahead of rivals

England moves to ban sale of energy drinks to children

Lithium, nicknamed “white gold,” is a key component in the production of batteries for electric vehicles and mobile phones. Bolivia claims to have the world’s largest lithium deposits. President Luis Arce, who presided over Tuesday’s signing ceremony, said it paved the way for Bolivia to become “a very important player in determining the international price of lithium.”

The deal follows an earlier agreement reached last year between Russia’s Uranium One Group and YLB to build a $970 million lithium extraction facility, also in Uyuni. Both deals have yet to be approved by Bolivia’s parliament. Arce announced that negotiations were underway with China’s Citic Guoan Group for a third contract. “We hope to close that deal as soon as possible,” he said.

© 2024 AFP

Tags: Chinalithiummining
Share12Tweet8Share2Pin3Send
Previous Post

US stocks rally despite Trump tariff threat but European stocks fall

Next Post

Future of deep-sea mining stands at a crucial juncture

Andrew Murphy

Andrew Murphy

Related Posts

Economy

Economists back Fed Governor Cook as Trump attempts ouster

September 2, 2025
Economy

Trump says to ask Supreme Court for ‘expedited ruling’ in tariff appeal

September 2, 2025
Economy

Premier League clubs break £3 billion barrier to roar ahead of rivals

September 2, 2025
Economy

Mauritania’s Tah takes over as Africa’s ‘super banker’

September 1, 2025
Economy

Malawi’s fuel crisis hangs over upcoming elections

September 2, 2025
Economy

Uzbek workers fill gap as Bulgarian population shrinks

September 1, 2025
Next Post

Future of deep-sea mining stands at a crucial juncture

Asian markets mixed as traders eye fresh trade tensions

German family winery taps into zero-alcohol trend

Paddington: the affable bear who became a lucrative business

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

77

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Shell abandons huge biofuel project in Netherlands

September 3, 2025

Japan’s long-term borrowing costs, gold hit record highs

September 3, 2025

Google not required to sell Chrome in antitrust victory

September 3, 2025

US limits TSMC chipmaking tool shipments to China

September 2, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.