It looks like you're new here. If you want to get involved, click one of these buttons!
Article:Using a combination of water testing and machine learning, a U.S. Geological Survey-led study estimated between 5 and 19 million tons of lithium reserves are located beneath southwestern Arkansas. If commercially recoverable, the amount of lithium present would meet projected 2030 world demand for lithium in car batteries nine times over.
© 2015 Mutual Fund Observer. All rights reserved.
© 2015 Mutual Fund Observer. All rights reserved. Powered by Vanilla
Comments
https://pubs.usgs.gov/sir/2017/5118/sir20175118_element.php?el=3
US is not a big producer of lithium, majority of lithium came from Chili and Argentina.
https://lithiumamericas.com/thacker-pass/overview/default.aspx
Ever since lithium became “the latest sure-fire investment” about 3 years ago, the price of the substance has been on the express down elevator. M* doggedly still assigns a 5 star rating to Lithium Americas stock.
The production cost of lithium precursors suitable for lithium-ion battery manufacturing is well understood by now. Question is what form the lithium minerals are and at what concentration that is economically to extract.
In the turn of the century, crude oil In large quantities was readily accessible near the surface in PA and the gulf coast. Refining these crude oils into gasoline and many other products were economical in large scale. In contrast, refining oils from Canadian tar sands is very different both from the economic and environmental point of view. Tar sand mining is similar to strip mining the surfaces analogous coal mining in the early days.