Bolivia selects CATL-led consortium to develop lithium reserves
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Loading... - Carolina Claros
- 03 Apr 2023
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The CBC consortium will undertake direct lithium extraction from the Uyuni and Oruro salt flats in Bolivia.
olivia has selected a consortium led by Chinese battery giant CATL to develop the country’s huge lithium reserves, reported Reuters.
The move is expected to unlock the country’s potential as a supplier of lithium for batteries, which are needed for the global transition to electric vehicles (EVs).
Selected following a bidding process, the consortium, which is known as CBC, will be responsible for undertaking direct lithium extraction from the country’s Uyuni and Oruro salt flats.
The bidding round attracted interest from companies that included US-based Lilac Solutions, Russia’s Uranium One Group and three bidders from China.
CBC also includes mining giant CMOC and will hold the rights to develop two lithium plants, each with an annual production capacity of up to 25,000 tons of battery-grade lithium carbonate. Read More..
