Bolivia holds the largest lithium deposits globally, essential for electric vehicle batteries, despite facing challenges in extraction due to high-altitude salt flats. Unlike Chile and Argentina, Bolivia is not yet a major player in the lithium market.
In January 2023, Bolivia's YLB signed an agreement with a Chinese consortium, including a top lithium-ion battery producer, to implement a new extraction method, aiming to revolutionize Bolivia's position in the lithium market.
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