Lithium batteries are still in high demand, and they are not going anywhere anytime soon. Global demand for the batteries is expected to increase more than five times by 2030, as the automotive industry is switching to electric cars.
The good news in this department is that the world’s biggest lithium reservoir has been found in one of the oldest volcanoes in the US. This was reported by the Daily Mail.
We are talking about the McDermitt Caldera near the Nevada-Oregon border. According to preliminary estimates, the caldera contains 20 to 40 million metric tons of lithium. If true, it could be the world’s largest lithium reservoir.
The study of the caldera was funded by a mining company and initially faced criticism from environmentalists and Native American tribes that claim the land is sacred.
However, as you know, big companies would do anything for profit, and lithium has a huge business potential for years to come, so the sacredness of the volcano will surely be ignored.