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20 Jun
13:51

China’s CATL inks $1.4 billion deal to develop Bolivia’s lithium industry

Chinese lithium-ion battery giant CATL is investing $1.4 billion to build two lithium industrial plants in Bolivia using direct lithium extraction (DLE) technology, Kallanish reports. On Sunday, Bolivian President Luis Arce confirmed the partnership with CATL, the largest electric vehicle battery maker in the world. The Chinese company won the tender to develop Bolivia’s salt flats in January this year. At the time, Bolivia’s state-run lithium company …
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