U.S. Oil and Gas Association president Tim Stewart breaks down the Biden admin’s energy policies on ‘The Bottom Line.’
A deposit of lithium recently discovered along the Nevada-Oregon border may be among the world’s largest, having potentially huge implications for the transition to electric vehicles.
Volcanologists and geologists from Lithium Americas Corporation, GNS Science, and Oregon State University reported their findings in a paper for Science Advances, published August 31.
A truck drives past brine evaporation ponds at Albemarle Corp.’s Silver Peak lithium facility, on Oct. 6, 2022, in Silver Peak, Nev. (AP Newsroom)
The deposit exists in the McDermitt Caldera, a caldera approximately 28 miles long and 22 miles wide. It is believed that the caldera contains around 20 to 40 million metric tons of lithium – a figure that would dwarf deposits in Chile and Australia.
Belgian geologist Anouk Borst told Chemistry World that the findings “could change the dynamics of lithium globally, in terms of price, security of supply and geopolitics.”
Geopolitical strategist Peter Zeihan told FOX Business that the geology “appears promising” but