A massive lithium deposit has been discovered in the United States that could reshape the global battery industry. According to Earth dot com, scientists found the deposit beneath the McDermitt Caldera, an ancient supervolcano located on the Nevada and Oregon border. Researchers estimate it could contain between 20 to 40 million metric tons of lithium, making it potentially the largest known reserve in the world.
According to Engineerine, the value of the deposit is estimated at around 1.5 trillion dollars. This calculation is based on the average U.S. contract price for lithium carbonate, which is about 37,000 dollars per ton. If fully extracted, the deposit could supply enough lithium to meet global demand for decades, significantly impacting the production of electric vehicles and renewable energy storage.
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