Lithium is the 'white gold' of electric vehicles — but the U.S. has a lithium supply problem. Watch the full video to learn how the U.S. fell far behind:
More than 80% of the world's raw lithium is mined in Australia, Chile, and China. And China controls more than half of the world's lithium processing and refining
and has three-fourths of the lithium-ion battery megafactories in the world, according to the International Energy Agency."The lithium industry started in the U.S. and had a good run for 50 years," said Erick Neuman, the international business manager for with Swenson Technology. "We do have a lot. The challenge is, can we produce what we need at an economical and competitive price? That's hard.
Lithium is not a scarce element. The U.S. holds almost 8 million metric tons in reserve, ranking it among the top five countries in the world, according to the USGS.administration released a blueprint for jumpstarting domestic lithium production and refining as well as battery manufacturing, and set a national EV sales goal of 50% by 2030.
There are several domestic lithium projects in the works in Nevada, North Carolina, California and Arkansas, among other places.Controlled Thermal Resources is developing a lithium project at the Salton Sea in California, which will extract lithium out of brine pumped up via geothermal energy plants in the area. The Salton Sea was onceas drier conditions caused a lot of the lake to dry up.
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