Massive Lithium Deposits Discovered in Oregon
Lithium is a lightweight and highly efficient mineral with the ability to store energy for a significant amount of time. This explains why it remains in constant demand and why many consumers and industries favor lithium-ion batteries. Now, a recent study determined that the McDermitt Caldera may be home to one of the biggest deposits of lithium in the world. This ancient volcanic depression is in Oregon and is said to host other mineral deposits, among them, uranium and mercury. The lithium deposit is valued at roughly $1.5 trillion, with geologists estimating that it contains between 20 and 40 million metric tons of the mineral. Many view this deposit as a significant advantage, particularly for U.S. electric vehicle battery production, as more countries seek to reduce reliance on foreign sources for critical…