As demand soars for the metal used in electronic production and China attempts to dominate the market, a lithium deposit has been reportedly discovered in a volcanic crater along the Nevada-Oregon border.
The report also states this deposit may be the largest in the world.
The Royal Society of Chemistry’s monthly magazine Chemistry World reported last week:
Up to 40 million tons of lithium metal is estimated to lie in the crater, which formed around 16 million years ago.
The deposits, located in Thacker Pass, are notably larger than those under a Bolivian salt flat, which were previously considered the largest in the world.
Dutch geologist Anouk Borst said:
If you believe their back-of-the-envelope estimation, this is a very, very significant deposit of lithium.
It could change the dynamics of lithium globally, in terms of price, security of supply, and geopolitics.
According to BloombergNEF:
As of 2020, China controlled 80% of the world’s raw material refining.
Per Forbes:
Despite having only 7.9% of the world’s lithium reserves, China is the third largest lithium producer on earth,
Beijing has been buying up stakes in mines across the developing world as part of a quest to control one-third of the global lithium supply.
Transportation Secretary Pete Buttigieg said earlier this year that:
The U.S. needs to ‘source more minerals’—such as lithium—for electric vehicle batteries domestically and from friendly nations as China directly or indirectly controls more than 60% of critical minerals needed for EV batteries.
Lithium Americas Corp., a Canadian-based company, is already starting construction on a mine in Thacker Pass amid failed legal challenges from environmentalists and Native American tribal leaders.
Final thought, a question and a comment: Does anyone else sense a too convenient coincidence? The communist/globalist crime syndicate has thus far not given We the People any reason to believe anything they say.
