How much lithium does Bolivia produce?

In 2023 Bolivia produced 948 tonnes of lithium carbonate, a white salt that is a precursor to the compounds used in lithium-ion batteries, according to the Mining Ministry. Based on US estimates, that is one-tenth of what Argentina extracted from the earth and just two percent of the haul in Chile, the world's largest producer after Australia.

Can China develop EV batteries in Bolivia?

A giant Chinese battery company, Catl, has won a bidding process to develop Bolivia's huge lithium reserves. The ultra-light metal is used in electric vehicle (EV) batteries, production of which is expected to soar as fossil fuels are phased out.

Could Bolivian lithium be the future of battery production?

Bolivian lithium could serve as the initial phase of a production chain, with factories in Argentina and Chile producing batteries, while Andean and Central American countries contribute to the lithium platforms, ultimately delivering a high-quality product to the U.S. market.

Who will develop Bolivia's lithium reserves?

Mr. Egan is among the determined underdogs. His company, with 30 employees, is one of two from the United States among the eight contenders to develop Bolivia’s lithium reserves. Lithium is a basic component of lithium-ion batteries, enabling the flow of electrical currents.

Could lithium be a source of internal conflict in Bolivia?

Bolivia, home to the world’s largest lithium deposits, views this resource as a transformative opportunity for industrialization and modernization, but if mismanaged, it could also be a source of internal conflict.

What is a 'historic' industrialisation of lithium in Bolivia?

The ultra-light metal is used in electric vehicle (EV) batteries, production of which is expected to soar as fossil fuels are phased out. Bolivian President Luis Arce said the Catl-led consortium was launching the "historic" industrialisation of lithium in Bolivia. More than $1bn (£807m) will be invested in the project's first phase, he said.