Bolivia, with huge untapped reserves, gears up for soaring
Salar de Uyuni (Bolivia) (AFP) - Over 3,600 meters above sea level on the blinding white plain of the world's (below) Evaporation pools at the new state-owned lithium extraction complex in Uyuni, Bolivia: Bolivia, among the poorest countries in South America, sits on one of the world's largest lithium reserves, at the But while it sits at the apex of South America's "lithium triangle," along with Chile and Argentina, Bolivia has That will change when its Llipi plant comes online in 2020. The factory, guarded by the army because of the metal's value, will have an annual production capacity of 15,000 (below) Piles of salt, a byproduct of lithium extraction, at the new state-owned lithium extraction State company Yacimientos de Litio Bolivianos (YLB), established by the government of President Evo Morales Morales, a leftist and former coca farmer, is counting on lithium to serve as the economic engine that lifts his - Joint ventures - YLB teamed up last year with German company ACI Systems to help develop the Uyuni complex. It's part of a plan to form strategic partnerships that "bring their technology and guarantee outlets," said The joint venture will manufacture electric-vehicle batteries in Bolivia for the growing European market. (below) Workers fill sacks with lithium carbonate in Uyuni as Bolivia ramps up production to China's Xinjiang TBEA Group came on board with YLB in another joint venture in February to help extract Bolivia said earlier this year that Uyuni alone likely has at least 21 million metric tons of lithium, more than Until now, the Salar de Uyuni has been a major tourist attraction, and environmentalists have raised concerns But Condoretty insisted that lithium exploitation would use "clean technologies" and affect only about three - Chinese demand - China is the world's biggest consumer of lithium, with 63 percent of the market, according to Ingred Garces, (below) A road crossing the Uyuni Salt Flat in Bolivia: A road crossing the Uyuni Salt Flat in Bolivia With its voracious appetite for lithium, the Asian giant has positioned itself at the center of the world's main By 2025, China will need 800,000 tons of lithium carbonate per year to meet the growing demand for electric China's Tianqui Lithium Corp. took a 24 percent stake in Chilean producer SQM last December, placing itself (below) Aerial view of a truck on a road crossing the flooded southern zone of the Uyuni Salt Flat, Worldwide production grew 23 percent in 2018 to more than 85,000 tons. Australia is the world's biggest producer, with 51,000 tons annually, followed by Chile with 16,000 tons, China As recently as 2016, Bolivia produced only some 20 tons of lithium carbonate, according to the Lithium |