The Chinese power battery leading company Ningde Times reached an agreement with Bolivia to build two lithium extraction plants in Bolivia with an initial investment of more than 1 billion US dollars (over 1.3 billion yuan) to ensure that this electric vehicle battery metal metalSupply.
According to Bloomberg, Bolivia President Luis Arce revealed on Friday (January 20) that the subsidiary BRUNP (BRUNP) of Ningde Times and Chinese mining and processing company LuoyangThe molybdenum industry agreed to invest more than $ 1 billion in the initial period to build two lithium extraction plants on Bolivia giant salt beach.These two factories adopt the direct extraction technology of lithium, and each factory will have the potential to produce 25,000 tons of lithium carbonate.
Alcet also said that Chinese companies defeated the contract that five companies won.
According to the US Geological Survey data, Bolivia has about 21 million tons of lithium.Global steering electric vehicles has promoted the demand for lithium and other battery metals, leading to a battery manufacturer and automobile companies compete to ensure that they can obtain sufficient supply to support the booming electric vehicle market.
