JV of TBEA Co., Ltd. and Yacimientos de Litio Bolivianos Corporacion planed to develop Bolivia Lithium Industrialization Project, in Coipasa Salt Flat, Atahuallpa, Oruro, and Pastos Grandes salt flats in Potosi, Bolivia. Chinese consortium of TBEA Co Ltd, Qinghai Institute of Salt Lakes, Chinese Academy of Sciences and Tus-Holdings Co Ltd was the strategic partner and shareholder of the project. The project covered the construction of over 8 plants specialized in the lithium exploitation and production chain, such as potassium sulfate, lithium hydroxide, sodium bromide and lithium carbonate in 2 large salt flats. The project was currently under feasibility study phase. This project was located in the country along the Belt and Road and financed by Chinese company.