Latest news on Bolivian energy storage export companies

Does Bolivia have a lithium mine?

Bolivia has large, lithium-rich salt flats, but its state-owned mining company hasn't achieved large-scale production. A group of Chinese firms is partnering with YLB, Bolivia’s state-owned lithium mining company, to build a $1 billion project to exploit Bolivia’s large and mostly untapped lithium resources.

Will Bolivia and China extract lithium from South America?

Bolivia and China have signed an agreement for the extraction of lithium from the South American country. The service contract, worth US$1.03 billion, will enable the development of the final engineering design, construction and operation of a plant that will produce 10,000 tons of battery-grade lithium carbonate per year.

Will Bolivia be a key player in the lithium battery industry?

CBC will use its advanced technology and expertise to execute this project, positioning Bolivia as a key player in the global lithium battery industry chain,” he said. Since 2021, Bolivia’s YLB has worked on the exploration and quantification of lithium, reaching a record 23 million metric tons.

Can China extract lithium from Bolivia's salt flats?

Bolivia has signed an agreement allowing China to extract lithium from its salt flats, strengthening economic links between the two states. Credit: Ministry of Hydrocarbons and Energy of Bolivia. Bolivia and China have signed an agreement for the extraction of lithium from the South American country.

Does Bolivia have a lithium deal with CBC?

The agreement signed this week formalizes a previous one dated January 2023, which Bolivia had negotiated with CBC. A subsidiary of the Chinese firm CATL, Bolivia’s Arce has previously referred to it as “the number one [entity] in the world in the production of lithium batteries.”

Will Bolivia become an importer of Argentine gas in 2029?

Ríos calculates that by 2029, Bolivia will even stop exporting gas to Brazil, the only market it will have left when trade with Argentina ends next year. This is due to the lack of reserves. The shortages are so severe that Bolivia could even become an importer of Argentine gas.