#Nasdaq: #Bolivia picks #Chinese partner for $2.3 bln #Lithium project

17361826_303

#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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s