Does Bolivia have the world's largest lithium deposits?

Bolivia claims to have the world's largest lithium deposits. President Luis Arce, who presided over Tuesday's signing ceremony, said it paved the way for Bolivia to become "a very important player in determining the international price of lithium."

Will Bolivia build a lithium battery plant in China?

La Paz (AFP) – Bolivia said Tuesday it had signed a $1 billion deal with China's CBC, a subsidiary of the world's largest lithium battery producer CATL, to build two lithium carbonate production plants in the country's southwest.

Will Bolivia produce lithium batteries by 2025?

The Bolivian government has chosen a Chinese consortium led by battery giant Contemporary Amperex Technology to invest upward of $1 billion to develop untapped lithium deposits, with the ambitious goal of producing lithium batteries in the country by 2025. Bolivia has the largest lithium reserves in the world but little local means to develop them.

Where are Bolivia's lithium plants located?

Bolivia's state-owned Bolivia Lithium Deposits (YLB) said the plants -- one with an annual capacity of 10,000 tons of lithium carbonate and the other of 25,000 - would be situated in the vast Uyuni salt flats. Lithium, nicknamed "white gold," is a key component in the production of batteries for electric vehicles and mobile phones.

Could lithium make Bolivia a true economic power?

To summarize: done properly, the lithium resource could help make Bolivia a true economic power and fuel the advancement of its people. Done poorly, and it could relegate the nation back into the traditional spiral of corruption and massive wealth inequality so common almost everywhere in South America, and elsewhere around the globe.

Why is the MAS not able to approve lithium development proposals?

This is partly because the MAS recently has been so fractured that it has not been able to approve development proposals for the lithium. (Source). For his part, Quiroga has floated the idea that, should he be elected, he will scrap the lithium development deals previously entered into with Russia and China. (Source).