article thumbnail

Bolivia and ACISA found joint venture to extract and industrialize lithium from residual brine; €300M investment

Green Car Congress

There is a plan to establish a further joint venture to manufacture cathode material and battery systems in Bolivia and Germany. Bolivia holds 51% of the shares in the JV through YLB. The start of production of lithium as a raw material is scheduled for the second half of 2021.

Bolivia 230
article thumbnail

Start-Up MOBI LATAM partners with EnergyX to develop Bolivian domestic lithium battery supply chain

Green Car Congress

Bolivia is lithium-rich; the USGS estimates identified lithium reserves in the country to be 21 million tons—ahead of Argentina and Chile, the other members of the “lithium triangle”. However, Bolivia is production-poor; Chile and Argentina are top global producers, but Bolivia has yet to produce the mineral in commercial quantities.

Bolivia 320
article thumbnail

Bolivian-German lithium extraction project takes major step forward; YLB partners with ACISA

Green Car Congress

machinery to establish a value-added chain in Bolivia in the mid-term, from. socially-compatible implementation, for example by using renewable energy. and 1,000 direct jobs and up to 10,000 indirect jobs in Bolivia in areas. manufacture of battery systems, energy storage systems and generators for. Apart from the.

Bolivia 316
article thumbnail

Tesla And Other Tech Giants Scramble For Lithium As Prices Double

Green Car Congress

Driven by the rise of battery gigafactories and game-changing Powerwall and energy storage businesses, the world now finds itself at the beginning of a lithium super cycle that is all about securing new supply, much of which is poised to come from lithium superstar Argentina. This means that the new market is all about new players.

Argentina 150
article thumbnail

What Causes Electric Scooters to Be Expensive in India?

Get Electric Vehicle

Knowing the importance of these elements, china made strategic investments and bought mines in the countries such as Congo, Bolivia, Chile, and Australia where these elements are available. They are scarce but hold roles in the proper functioning of the Li-ion batteries. In fact, China controls half the cobalt mines in Congo.

India 52
article thumbnail

Rough road for EV industry

Green Car Congress

Chile and Bolivia appear to be heading down the same path, placing rigid restrictions on outside access to the countries’ lithium. Mexico is also pushing for a coalition with Bolivia, Chile and Argentina to create a lithium version of OPEC, which would control more than half of the world’s lithium resources.

article thumbnail

Lithium: Good News for the Australian Mining Industry

CleanTechnica EVs

In good news for the Australian mining industry, miners produced 55,000 tonnes of lithium in 2021, a 28% increase from the 39,700 tonnes of lithium produced in 2020. This is approximately half of global production.