“King Ning” takes the lead! Spending more than 6 billion yuan to develop lithium resources in this country, the president called it a “historic day”

Affected by multiple factors, Bolivia, which has the largest lithium reserves in the world, has not been able to successfully realize the commercial mining of lithium ore. Now, this situation will be officially broken in 2023. Recently, it was reported that after a long bidding process, the Bolivian government finally chose a consortium of enterprises led by CATL, a leading Chinese power battery company, to develop local lithium mines. It is reported that in addition to Ningde Times, the consortium also includes Guangdong Bangpu, a subsidiary of Ningde Times, and China Molybdenum Co., Ltd., a mining giant. It is reported that the above-mentioned three companies agreed to invest more than 1 billion US dollars (over 6 billion yuan) in the initial stage, and the funds will be used to improve infrastructure such as roads, and promote the construction of lithium-ion battery cathode materials and battery factories. | Related reading (Securities Times)

Hua Bu Nan

As the main raw material for new energy vehicle power batteries, coupled with its use in other electronic industries, lithium ore is no longer an ordinary commodity, but a strategic asset. This can be seen from the chain reaction caused by the sharp rise in lithium prices last year. come out.

It can be seen that Chinese companies are rapidly grabbing the beach in this area. In addition to the consortium led by Ningde Times bidding for the Bolivian team’s lithium mine development project, Tianqi Lithium also planned to acquire a 32% stake in the Chilean lithium giant SQM. Ganfeng The lithium industry has acquired a series of actions such as the mining group Lithea.

Chinese companies are trying to gain a dominant position in the global competition for lithium mines, but in the process, Chinese companies are also easily affected by the complex geopolitical situation and thus squeezed out by various forces. This aspect should also pay more attention.

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