YLB and CBC partner to export lithium batteries by 2025

Inspenet, January 25, 2023

Bolivian Lithium Deposits (YLB) signed an agreement with the Chinese consortium CATL BRUNP & CMOC (CBC) for the implementation of two industrial complexes with EDL (Direct Lithium Extraction) technology in salt flats in Potosí and Oruro.

During the signing of the agreement between the state-owned YLB and the Chinese consortium CBC to exploit and industrialize the enormous lithium reserves in the Uyuni (Potosí) and Coipasa (Oruro) salt flats, President Luis Arce stated that Bolivia plans to export lithium batteries ion lithium in the first quarter of 2025, the year of the Bicentennial.

“Today Bolivia enters the era of the industrialization of its lithium, today is a historic day for all Bolivians. There is no time to lose, the country cannot wait any longer, the country cannot experiment more, we have to go at a safe pace to gradually industrialize this valuable natural resource”, highlighted Arce.

The document was signed by the president of YLB, Carlos Ramos, and the representative of CBC, Qinghua Zhou, in a public act held at the Casa Grande del Pueblo.

According to the head of state, this year begins with good economic news for the country and with the inauguration and construction of new industrial complexes, such as the fish farm in Tiquina (La Paz), the potato plant in El Alto, among others, that throughout this year will be specified.

He explained that the state company YLB will be involved in the entire industrialization chain, from the extraction to the commercialization of lithium transformed products.

Source : https://www.rumbominero.com/bolivia/bolivia-baterias-litio-2025/

Photo: ShutterStock

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