TaTa Chemicals enters Bolivia for potential lithium business opportunities.

TaTa chemicals co., LTD. is looking for potential business opportunity from Bolivia to India, and other countries with lithium exploration and import.

Two, according to people familiar with the company's recent visit to an executive at the South American country has the world's largest reserves of lithium, and held a meeting with government officials.

India's biggest chemical, fertilizer, and consumer products manufacturers TaTa chemical gradually to lithium cobalt, as its electric cars is India, and even the whole world battery one of the important raw material for manufacturers. At present, lithium ion batteries have 40% of the total cost of the electric vehicle.

Although the company hasn't announced any resolution, but the company's representatives have to Bolivia for talks.

At present, most of South America lithium mineral exploration is done by Bolivia's state-owned enterprises together with a Chinese company.

Therefore, for TaTa chemicals, lithium exploration is still in the development of space. TaTa chemical company is one of the largest chemical company in Bolivia, they have begun to study business opportunities related to lithium. The other professionals who requested anonymity, said: "in the next few years, other small companies will also look to Bolivia".

In the first three months of 2018, the TaTa chemicals income fell by 4%, to 779 billion rupees.

At the same time, its profit rose 57% to 97.6 billion rupees. India's coalition government in the next few years is the focus of the promotion of electric and hybrid cars, Suzuki motor (Suzuki Motor Corp.)Such as car manufacturers have announced plans to make lithium-ion batteries for electric cars.

Experts say that India and the global use of the electric car is the biggest obstacle to lithium scarce. In addition to the automotive industry, most phone manufacturers plan to have production in India.

For Indian companies, therefore, choose to explore the possibility of Bolivia lithium resources is very big.

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