Bolivia announces $1 billion deal with Chinese company for
The plan is to build these two plants in Uyuni. One plant would have the capacity to produce 10,000 tons of lithium carbonate and the other 25,000 annually.
The site in the municipality of Baures, Bolivia. Image: Cegasa. The largest lithium-ion battery storage system in Bolivia is nearing completion at a co-located solar PV site, with project partners including Jinko, SMA and battery storage provider Cegasa.
According to Tech Xplore, Bolivia made a $1 billion deal with CBC, subsidiary of the world's No. 1 producer of lithium batteries, CATL, to build two lithium carbonate production plants. The plan is to build these two plants in Uyuni. One plant would have the capacity to produce 10,000 tons of lithium carbonate and the other 25,000 annually.
The aim is to export electric batteries in 2025. But Andy Leyland, founder of EV battery consultancy SC Insights, says Bolivia faces an uphill battle to fulfill its lithium dream. For starters, it needs much more investment, to the tune of $5 billion, to make a mark in increasingly competitive global markets.
As in Chile, Bolivia's efforts to secure the production of lithium can be traced to the search for critical minerals during the Cold War (Obaya, 2021).
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