The impacts of climate change have led governments and industries to adopt more sustainable practices across sectors. This transition relies heavily on lithium-ion batteries to store energy for electric vehicles, renewable power generation, and consumer devices. Global lithium demand is forecast to increase eight-fold by 2040 compared to 2022 production levels. However, the recent discovery of the world's largest lithium deposit in an extinct volcano on the Nevada-Oregon border offers hope. Geologists estimate the McDermitt caldera contains up to 120 million tonnes of lithium. This substantial find in the United States could help supply the lithium needed for a greener future.
Geologists have discovered an immense lithium deposit in the McDermitt caldera on the Nevada-Oregon border. The lithium-rich area spans the southern half of the ancient volcanic crater. Researchers estimate the caldera contains at least 120 million metric tons of lithium, rivaling or exceeding the lithium reserves in Bolivia's Uyuni salt flats, previously the world's largest known deposit. The substantial lithium supply at McDermitt could impact global lithium prices, supply security, and geopolitics. According to geologist Anouk Borst, "This is a very significant lithium deposit. It could change the dynamics of lithium globally." The McDermitt caldera could become a strategic lithium resource as demand rises for lithium-ion batteries and sustainable technologies.
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