Citic Guoan Wins Contract to Develop Bolivian Lithium Deposits

What’s new: China’s Citic Guoan Group Co. Ltd. has won a contract to help the Bolivian government develop the country’s vast and largely untapped lithium deposits, joining Chinese peers including battery giant Contemporary Amperex Technology Co. Ltd. (CATL).

State-linked Citic Guoan and Bolivia’s government-owned Yacimientos de Litio Bolivianos (YLB) will cooperate in the mining, refining, processing and sale of lithium resources, according to the deal signed Thursday. Uranium One Group, a uranium mining unit of Russian state-owned nuclear energy firm Rosatom, also signed a lithium agreement with YLB.