Morales welcomes Xi Jinping: La Paz has selected CATL, a Chinese battery company, to utilize its lithium
After a protracted "bidding" process, Bolivia has selected the consortium led by Beijing battery giant to extract lithium from the Potosi and Oruro salt flats, the nation's enormous lithium reserves
According to the US Geological Survey, Bolivia's famed salt flats are home to the greatest lithium reserve in the world, 21 million tons. Yet, because of Morales' absurd nationalization policies, the nation has no industrial production. The Chinese will now carry it out.