A German-Bolivian joint venture will start mining lithium from Bolivia’s salt flat – the largest reserves in the world. It’s a vital resource for making batteries and will help Germany in its push towards electromobility.
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Bolivia boasts one of the biggest lithium reserves in the world. After Luis Arce was elected the country's new president, exploration hopes are mounting, especially among German investors.
Lithium is being referred to as "white gold" since it's used in almost every battery powering our modern gadgets. Although Germany is not known for its minerals, new technology could now help it source its own lithium.
Sodium-ion rechargeable batteries could soon be a cheaper and resource-saving alternative to current lithium-ion cells. Powerful prototypes and groundbreaking findings in basic research make a breakthrough seem imminent.
The Bolivian government has issued a decree overturning a massive joint lithium project with southern German firm ACISA. The project is considered vital for the German auto industry's plans to develop electric batteries.
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