China, Russia pledge $1.4 bn for lithium plants in Bolivia


La Paz (AFP) June 30, 2023
China and Russia will invest $1.4 billion in lithium projects in Bolivia, a South American nation with vast reserves of the metal crucial for batteries to power electric vehicles, the government said on Thursday. China’s Citic Guoan and Russia’s Uranium One Group, both with strong state participation, will partner with Yacimientos de Litio Bolivianos (YLB) to install two lithium carbonate pl This article was originally published by Read the original article here.

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