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Why Chinese lithium companies are targeting Bolivia

South American nation's prized resource will help feed China's EV battery needs

Bolivian state-owned company YLB's operation at Salar de Uyuni, a vast white salt flat at the center of a global resource race for lithium.   © Reuters

Bolivia could not wait any longer.

The South American country's president said as much when he attended the Jan. 20 signing in the capital La Paz of an agreement between Bolivia's state lithium company and a consortium led by Chinese battery giant Contemporary Amperex Technology Ltd. (CATL) to collaborate on the mining, refining, processing, and sale of the country's lithium reserves.

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