Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

German ACI Systems and YLV to develop Uyuni lithium deposit in Bolivia

Metal News - Published on Thu, 13 Dec 2018

Image Source: Reuters
Reuters reported that Germany and Bolivia have sealed a partnership for the industrial use of lithium, a key raw material for the production of battery cells, in an important step to become less dependent on Asian market leaders in the dawning age of electric cars. German Economy Minister Peter Altmaier said "Germany should become a leading location for battery cell production. A large part of production costs is linked to raw materials. German industry is therefore well advised to secure its needs for lithium early in order to avoid falling behind and slipping into dependency. The deal is an important building block to secure this supply.”

With the joint venture, Bolivian state company YLB is teaming up with Germany's privately-owned ACI Systems to develop its massive Uyuni salt flat and build a lithium hydroxide plant as well as a factory for electric car batteries in Bolivia.

Source :

Posted By : Rabi Wangkhem on Thu, 13 Dec 2018
Related News from Metal segment