Will Bolivia produce lithium batteries by 2025?

The Bolivian government has chosen a Chinese consortium led by battery giant Contemporary Amperex Technology to invest upward of $1 billion to develop untapped lithium deposits, with the ambitious goal of producing lithium batteries in the country by 2025. Bolivia has the largest lithium reserves in the world but little local means to develop them.

Will China invest $1 billion in lithium batteries in Bolivia?

(IC Photo) The Bolivian government has chosen a Chinese consortium led by battery giant Contemporary Amperex Technology to invest upward of $1 billion to develop untapped lithium deposits, with the ambitious goal of producing lithium batteries in the country by 2025.

Is there a lithium trove in Bolivia?

Our Standards: The Thomson Reuters Trust Principles. On Bolivia's Salar de Uyuni, a vast white salt flat that feels almost otherworldly, Karina Quispe is watching from the sidelines a global resource race for the world's largest - and almost untapped - trove of battery metal lithium.

Will Bolivia reactivate the lithium industry?

Bolivia is moving ahead in reactivating the lithium industry to generate environmentally friendly energy and produce high-quality fertilizers, an official source announced on Monday.

Does Bolivia have a lithium ambition?

Bolivia's deputy minister for advanced technologies Alvaro Arnez, who oversees lithium development, acknowledged in a brief March interview with Reuters that the government needed to show results in order to prove that its ambitions are serious. Arnez restated its goal of achieving battery production and large-scale lithium extraction by 2025.

How much lithium is produced in Bolivia?

Despite having such enormous untapped reserves, Bolivia currently is an afterthought when it comes to lithium production, at only 543 tons a year. This is compared to the present world leader, Australia, which now produces over 50% of world lithium at 55,000 tons per year.