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A Chinese consortium led by Contemporary Amperex Technology Co. plans to spend $1.4 billion to build lithium extraction plants in Bolivia, according to the country’s government, adding to a global rush to secure supplies of the battery material.

The group will build two facilities to make lithium chemicals with a combined production capacity of about 200,000 tons a year, Bolivia’s Ministry of Hydrocarbons and Energy said on Sunday. The investment could eventually grow to $9.92 billion, according to the statement. 

Read more at: https://www.bloomberg.com/news/articles/2023-06-20/china-s-catl-leads-1-4-billion-lithium-investment-in-bolivia#xj4y7vzkg