#Nasdaq: #Bolivia picks #Chinese partner for $2.3 bln #Lithium project
#LA PAZ, Feb 6 (#Reuters) – #Bolivia has chosen a #Chinese consortium to help it produce #Lithium, the government, giving #China a potential foothold in the country’s huge untapped reserves of the prized electric battery metal.
China’s Xinjiang TBEA Group Co Ltd will hold a 49 percent stake in a joint venture with Bolivia’s state lithium company YLB, the Bolivian firm said. Together, the two companies will produce lithium and other materials from the Coipasa and Pastos Grandes salt flats in the Bolivian Andes, with an estimated investment of at least $2.3 billion.
Read more at: https://www.nasdaq.com/article/bolivia-picks-chinese-partner-for-23-bln-lithium-project-20190206-00951
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