The Bolivia government announced that Chinese and Russian companies will invest $ 1.4 billion (about S $ 1.9 billion) in the lithium mines in Bolivia to jointly minimize this metal that is vital to electric vehicle batteries.
According to Agence France -Presse, Bolivia President Luis Arce announced on Thursday (June 29) that CITIC Guoan Group and the Russian ONE Group (CITIC Guoan Group and Russia's GROUP supported by the China and Russia government) It will cooperate with Bolivia Lithium Company (YLB) to build two lithium carbonate extraction factories.
Chinese, Russia, and Bolivia's enterprise representatives also signed a cooperation agreement.According to the agreement, the Russian uranium one group will invest $ 578 million to build a factory, and CITIC Guoan will invest $ 857 million to set up a second factory in the north of Uyuni Salt.
The Bolivia Department of Energy introduced in a statement that each factory has an annual biomass of up to 25,000 metric tons.Both factories are located in Popotci, southwest of the Andes, and are expected to begin construction within three months.
The Bolivia government said that the lithium reserves of Uyuni saltumon is 21 million tons, which is the largest source of lithium in the world.Despite the huge reserves, Bolivia was affected by geographical environment, political tensions and lack of technology, and the mining volume was very limited.
In January this year, the Bolivian government also signed another agreement with the Chinese Enterprise Alliance (CBC), including the Ningde Times, to invest at least 1 billion US dollars to build two lithium extract plants.
Lithium is called platinum in the Clean Energy Revolution and is widely used in mobile phones and electric vehicle batteries.
