Chinese and Russian companies will invest over $1.4 billion in Lithium extraction in Bolivia, which has one of the largest reserves of the mineral. China's Citic Guoan and Russia's Uranium One Group, along with Bolivia's state-owned YLB, will build two lithium carbonate processing plants. Bolivia, claiming to have the world's largest deposits, previously signed an agreement with a Chinese consortium to construct two lithium battery plants. Each new plant will have the capacity to produce up to 25,000 metric tons of lithium carbonate per year, with construction beginning in about three months. China and Russia are major buyers of Bolivia's lithium.

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