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Lithium Deposit In Wyoming

A new lithium deposit discovered in southwest Wyoming could be enough to cover the annual U.S. lithium demand–and then some.

Right now, 80% of all lithium in the United States comes from imports from countries such as Bolivia, which, incidentally, has enough lithium to power 4.8 billion electric cars.

It also doesn’t hurt that lithium can be recycled from batteries, unlike oil which disappears completely.

Even with these facts, some people still fear that we could eventually run out of lithium. Still, analysts suggest that our demand for lithium, as it increases, will lower prices, and that we should be good for the long-term. In other words, lithium is here to stay. As it becomes more closely intwined with our electronics (phones, cars, batteries, planes, etc), we’ll definitely need to continue finding more and more of the element.

This discovery in Wyoming is tremendously good news for electronics manufactures in the United States. It means they can begin to lower their demand on foreign imports, and begin tapping the deposit for their own uses. More jobs will be created, and electric car companies can start rolling out newer lines of EV’s, and introduce new lithium-powered products.

Early research suggests that the newly discovered deposit in Wyoming, which stretches over a 25 square-mile area, contains over 280,000 tons of lithium. Including this discovery in Wyoming, lithium can also be found in mass quantities in Geothermal power plants.

The costs to extract lithium are relatively low, and the process has become more efficient over the years. Scientists believe that even bigger deposits of lithium are waiting to be found, and continue searching in areas most likely to house lithium, such as by soda ash (sodium carbonate) supplies.

Silver Peak, Nevada, was the largest lithium producer in the United States up until now, and the massive lithium find in Wyoming is estimated to be twice the amount of lithium kept in Silver Peak.

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