Facts: October 9, 2021. Where in the US is the Lithium?

in LeoFinance3 years ago

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Lithium has become one of the essential mineral for the future. Its importance relies in its use for the manufacture of lithium-ion batteries, specially used by electric vehicles (EV).

According to this article Australia (49%) is the main producer of lithium. It is followed by Chile (22%), China (17%) and Argentina (8%). Those four countries produce 96% of the world's lithium.

The US has lithium deposits. The only lithium producing mine (Albemarle) is in the Clayton Valley in Nevada. Lithium deposits exist in Arkansas (Smackover Formation), California (Salton Sea), Utah (Great Salt Lake), Nevada (Kings Valley), and North Carolina (Kings Mountain).

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.

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Thank you for the information. What is the value of lithium??

Lithium carbonate is selling for US$ 24800 per tonne

Its not too expensive i think