Chinese firm Catl to develop huge Bolivian lithium deposit

[Judi Lynn]

Published
3 days ago



A brine pool at Uyuni salt lake in Bolivia contains valuable lithium


A giant Chinese battery company, Catl, has won a bidding process to develop Bolivia's huge lithium reserves.

The ultra-light metal is used in electric vehicle (EV) batteries, production of which is expected to soar as fossil fuels are phased out.

Bolivian President Luis Arce said the Catl-led consortium was launching the "historic" industrialisation of lithium in Bolivia.

More than $1bn (£807m) will be invested in the project's first phase, he said.

More:
https://www.bbc.com/news/world-latin-america-64355970

[Irish_Dem]

1. China cornering the market on valuable rare earth minerals.

So when they invade Taiwan they have the west over a barrel??