A German company for the first time, direct access to the for the electric mobility as the major raw material for Lithium. On Wednesday, the sealed representative of the baden-württemberg company ACISA and the Bolivian state company Yacimientos de Litio Bolivianos (YLB) in Berlin in the presence of Federal Minister Peter Altmaier, a cooperation.

YLB will hold 51 percent of the shares. Is planned by 2022, at a funding of 30,000 to 40,000 tonnes of lithium hydroxide in the year – hundreds of thousands of E-cars with Lithium batteries. The investment amounts to 300 to 400 million euros.

Bolivia’s foreign Minister, Diego Pary Rodríguez travelled to the signing of the contract to Berlin. “We have made very good experiences in the cooperation with Germany,” he said. And the demand for Lithium will grow massively. Finally, the car companies VW and Audi had announced billions in electric mobility plans; for the high-performance batteries it takes the “white Gold” of Lithium. In the race for the award of the contract, several Chinese companies. The German-Bolivian project is scheduled to last 70 years.

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In Bolivia are suspected to Occur in the salt flat (Salar) of Uyuni is the world’s largest Lithium. “Lithium is one of the key raw materials of the 21st century. Century,” said ACISA-in-chief Wolfgang dirt. “Through the Joint Venture

Rising demand

Germany will secure for the first time after decades of direct access to important, non-domestic raw materials”, – stressed dirt. “This is particularly important for the German automotive industry.” Federal Minister Peter Altmaier (CDU), stressed: “Germany is a leading location for the battery cell production.” A large proportion of production costs attributable to raw materials and Material.

“that’s Why we need a reliable and competitive Raw material supply from an environmentally friendly raw material extraction and raw material processing,” said Altmaier. Of particular importance for the battery cell production to Lithium, the demand could quadruple by 2025. “The German industry is doing well, therefore, to secure your needs at an early stage, in order not to fall behind, and dependency.”

The raw material is extracted in a complicated procedure, and for the batteries in electric cars used in the world market price had doubled by 2016 to 2017 at times of 6500 dollars to more than $ 13,000. Are planned to be in Uyuni two large lithium systems, Germany, ACISA is in direct competition with Chinese companies. Lithium is also used in cell phone batteries. Due to new Deposits, many of the lithium shares were under pressure this year – but, many experts anticipate that with the expected rise in demand soon, with a reversal of the trend and rising prices.

mik/dpa