China produces already today the most electric cars, about 1 million in 2018, and will at least triplicate their production by 2025. Therefore, China has by far the largest lithium market.
In the following decade or two, demand is expected to increase exponentially.
Bolivia has the world’s largest – by far – known lithium reserves. A long-term win-win contract between China and Bolivia was under preparation since early 2019 and being negotiated as a 51% Bolivia – 49% China share-arrangement, with manufacturing of batteries and other lithium-related products foreseen in Bolivia – added value, job creation in Bolivia – with an initial investment of US$ 2.3 billion – was about to be signed, when the US-instigated Bolivian military coup occurred. It was immediately followed with the usual US-style intimidating, violent and murderous oppression, particularly directed at protests by indigenous people.
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Hidden History -- In The Making 