Uranium One's DLE Plant: A New Era for Bolivia's Lithium Extraction
Thursday, 12 September 2024, 00:53
Uranium One Partners with YLB
The collaboration between Bolivia's Yacimientos de Litio Boliviano (YLB) and Russia's Uranium One Group aims to establish the country's first direct lithium extraction (DLE) facility.
A $976 Million Investment
- This ambitious project is set to cost approximately $976 million.
- The DLE process is designed to enhance lithium recovery from brine resources in Bolivia's Salar de Uyuni.
- By leveraging innovative technology, the plant is expected to significantly boost production.
Implications for the Global Lithium Market
With the growing demand for lithium in electric vehicle batteries, Bolivia’s new DLE plant could play a critical role in meeting market needs. This venture not only positions Bolivia as a key player in the lithium supply chain, but also strengthens ties with international investors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.