Bolivia says China's CBC to invest $1bn in lithium plants

Bolivia's government and Chinese consortium CBC, which includes battery manufacturer CATL, have signed an agreement for CBC to build two direct lithium extraction plants for at least $1-billion, government authorities said on Tuesday.

The government will take a 51% stake in the project, to be located in the Uyuni salt flat in southwest Bolivia, within the so-called lithium triangle shared with Chile and Argentina.