Tata Chem­i­cals eye­ing lithium ex­plo­ration in Bo­livia

Chemical Industry Digest - - News & Views -

Tata Chem­i­cals Ltd is eval­u­at­ing busi­ness op­por­tu­ni­ties re­lated to the ex­plo­ration and im­port of lithium from Bo­livia to In­dia and pos­si­bly to other coun­tries where the com­pany op­er­ates.

A team of se­nior ex­ec­u­tives from the com­pany re­cently vis­ited the South Amer­i­can na­tion, which has the largest de­posits of lithium in the world, and held meet­ings with govern­ment of­fi­cials of Bo­livia.

At present a lithium-ion bat­tery ac­counts for 40% of the to­tal cost of an elec­tric ve­hi­cle. This can be a great op­por­tu­nity for Tata Chem­i­cals as de­mand for lithium will only in­crease in the com­ing years in the do­mes­tic mar­ket and glob­ally.

Bo­livia has the ca­pac­ity to sup­ply 15,000 tonnes of lithium per an­num, which is far short of the global de­mand for the min­eral. Cur­rently, most of the lithium ex­plo­ration is done by Bo­livia’s state-owned com­pa­nies along with Chi­nese ones. Hence, ex­plo­ration is a promis­ing op­por­tu­nity for Tata Chem­i­cals.

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