Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home News

Chinese company plans to exploit a massive lithium deposit in Bolivia

Marian RomainebyMarian Romaine
January 21, 2023
in News
0
Chinese company plans to exploit a massive lithium deposit in Bolivia
Share on FacebookShare on TwitterShare on Whatsapp

Catl, a massive Chinese battery business, has won a bidding procedure to develop Bolivia’s massive lithium reserves.

The ultra-light metal is used in EV batteries, the manufacturing of which is predicted to skyrocket as fossil fuels are phased out.

Bolivian President Luis Arce stated that the Catl-led partnership was initiating a “historic” lithium industrialization in Bolivia.

The first phase of the project will cost more than $1 billion (£807 million), he claimed.

The world’s largest lithium producers are Australia and Chile, but Bolivia has massive reserves in the Potosi and Oruro salt flats.

Technical challenges and a lack of infrastructure have long stymied lithium extraction in Bolivia, where deposits are estimated to be 21 million tons.

Mr. Arce stated that Bolivia was still in talks with other foreign corporations about potential agreements. According to Reuters, they include the US business Lilac Solutions, Russia’s Uranium One Group, and three additional Chinese bidders.

Mr. Arce stated that the company’s goal was to begin exporting lithium batteries in the first quarter of 2025.

Argentina, Bolivia, and Chile share a stretch of salt flats known as the “lithium triangle,” which contains more than 75% of the world’s lithium reserves.

Brine is pumped from beneath the salt flats into large evaporation pools, resulting in the formation of lithium carbonate. However, the technological limitations of lithium mining have prompted concerns in South America and other parts of the world about contamination and commercial viability.

Tags: boliviachinalithium deposits
Marian Romaine

Marian Romaine

Marian Romaine is a seasoned content writer with a passion for translating complex technological concepts into accessible and engaging content.She is dedicated to creating engaging and informative content aiming to enhance both reader engagement and search engine visibility. Her writing combines a deep understanding of the subject matter with a talent for crafting clear, concise, and informative pieces.With 3 years of industry experience, her expertise includes crafting blog posts, articles, social media content, and website copy.

Related Posts

US Troops on Standby In Anticioation of Massive, Coordinated Anti-Trump Protests
News

US Troops on Standby In Anticipation of Massive, Coordinated Anti-Trump Protests

October 18, 2025
Blood Spills in Peru as Gen Z Fights a Broken System
News

Blood Spills in Peru as Gen Z Fights a Broken System

October 22, 2025
What is the Daily Cost of a US Government Shutdown to the Economy?
News

What is the Daily Cost of a US Government Shutdown to the Economy?

October 15, 2025
Next Post
Cross River announces work days off for collection

Cross River announces work days off for collection

The Supreme Court has reinstated Akpabio as the Akwa Ibom APC senatorial candidate.

The Supreme Court has reinstated Akpabio as the Akwa Ibom APC senatorial candidate.

The Federal High Court has overturned a forfeiture decision against Ekweremadu’s properties.

The Federal High Court has overturned a forfeiture decision against Ekweremadu's properties.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Tinubu Approves FCT Youth Secretariat Amidst Rising Protests

Tinubu Approves FCT Youth Secretariat Amidst Rising Protests

1 year ago
Australian Open 2024: ANDY MURRAY TAKES ON TOMAS MARTIN

Australian Open 2024: ANDY MURRAY TAKES ON TOMAS MARTIN

2 years ago
Amber Heard disappointed as the court ruled against her, finding her liable for defamation

Queen Elizabeth II marks her Platinum Jubilee on June 2nd, 2022.

3 years ago
Roman Abramovich Debunks Rumors Of $1.5bn Loan Refund.

Roman Abramovich Debunks Rumors Of $1.5bn Loan Refund.

3 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Sarkozy Gets VIP Treatment in Jail as Police Guard His Cell

Nigeria Bets $220 Million on Jobs While Youths Still Wait for Work

Baltimore’s Mayor’s Wife Faces Investigation

Should Mayor Brandon Scott Resign?

Sowore Condemns Police “Brutality,” Gives Update on Kanu’s Lawyer and Brother After Prison Visit

Offensive Texts Sink Trump’s Court Nominee, Forcing Sudden Withdrawal

Trending

Osimhen Scores Twice as Galatasaray Win 3-1 Away Against Bodo/Glimt in Champions League
Sports

Osimhen Scores Twice as Galatasaray Win 3-1 Away Against Bodo/Glimt in Champions League

byHashim Kolawole
October 22, 2025
0

Victor Osimhen’s amazing two-goal performance led Galatasaray to an outstanding 3-1 victory over Bodo/Glimt in the UEFA...

The Internet Declared Kendall Jenner's 'King Kylie' Outfit a 'Fail.' Here's Why They're Right

The Internet Declared Kendall Jenner’s ‘King Kylie’ Outfit a ‘Fail.’ Here’s Why They’re Right

October 22, 2025
Nigeria Bans Sex with Minors but Ignores Muslim Marriages to Minors

Nigeria Bans Sex with Minors but Ignores Muslim Marriages to Minors

October 22, 2025
Sarkozy Gets VIP Treatment in Jail as Police Guard His Cell

Sarkozy Gets VIP Treatment in Jail as Police Guard His Cell

October 22, 2025
Nigeria Bets $220 Million on Jobs While Youths Still Wait for Work

Nigeria Bets $220 Million on Jobs While Youths Still Wait for Work

October 22, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Osimhen Scores Twice as Galatasaray Win 3-1 Away Against Bodo/Glimt in Champions League
  • The Internet Declared Kendall Jenner’s ‘King Kylie’ Outfit a ‘Fail.’ Here’s Why They’re Right
  • Nigeria Bans Sex with Minors but Ignores Muslim Marriages to Minors

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com