Global Economy

Lithium’s global demand for EVs could benefit Bolivia

An increase in the world demand of lithium batteries is foreseen for the coming years, mainly in Asia, announced Bolivia’s state lithium company (YLB) director, Marco Kucharski. Only China plans to manufacture between 200 and 500 million electric vehicles, a trend that would benefit Bolivia who has one of the world’s largest lithium reserves. He also emphasized that the electronics and chemical sectors will be important consumers of the mineral, taking into account that planes today use a lithium-titanium alloy to perform operations.

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Source: Eju!

Categories:Global Economy