Luis Arce, the president of the country, announced the signing of an accidental partnership contract for the development of a direct lithium extraction (DLE) plant in the Salar de Uyuni with the Russian company Uranium One Group.
The head of state urged the Legislative Assembly to expedite the approval of this contract.
"Once approved, the investments will be secured, and the commitment to produce 14,000 tons of lithium carbonate in 30 months will be fulfilled," Arce stated.
The president emphasized that lithium industrialization will benefit both Potosí and the country as a whole.
On December 13, 2023, Uranium One Group signed an agreement with Bolivian Lithium Deposits (YLB) to invest $450 million in the establishment of a semi-industrial-scale pilot plant using DLE technology in Salar de Uyuni, Potosí, with a production capacity of up to 14,000 tons per year.
The agreement is valid for two years and will allow production to generate foreign currency in the medium term, along with technical studies aimed at projecting an industrial plant with greater production capacity.
The implementation of this contract depends on the approval of the Legislative Assembly, Arce reiterated.
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