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Germany and Bolivia agree to industrialize lithium

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Staff Writer |
YLB
Europe   Yacimientos de Litio Bolivianos

For the first time, a German company signed an agreement with Bolivia to have access to lithium, an important raw material for electric mobility.

The company ACISA, based in the southern state of Baden Wurttemberg, has signed a contract with Bolivian state oil company Yacimientos de Litio Bolivianos (YLB) to promote an amount that will supply batteries to hundreds of thousands of electric cars every year.

The Bolivian Minister of Foreign Affairs, Diego Pary, and Energy, Rafael Alarcon, attended the signing ceremony.

With this collaboration, for the first time in decades, Germany is ensuring its own access to the coveted resource, the raw material of the 21st century, the German press said.

Alarcon told Prensa Latina of the importance of the agreement signed today in this capital.

'We have been looking for a strategic partner that guarantees us, among other things, the market for our production,' he said.

'The technology is equivalent to that of China, Russia, and Canada, to name a few countries, which at some point showed their interest,' the minister added.

According to Alarcon, 'in China, for example, the market is different. There we have electronics, fundamentally, and we are very interested in the subject of the automotive industry.'

At the same time, the German government is trying to enter the market of electric mobility, an industrial sector little-taken care of by the German governments and the national industry.

A few weeks ago, the Federal Minister of Economy, Peter Altmaier, visited Poland to discuss the issue of an alliance regarding the production and commercialization of batteries.

Altmaier said that the Lausitz region in eastern Germany was chosen as a possible location for the production of large-scale battery cells because it is located near Poland.

The creation of a new industry is important for this country, whose government is trying to decarbonize the energy sector, and will be subsidized with one billion euros.


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