A ‘geologic freak’ called the Smackover may end America’s lithium dependence on China, and Big Oil is already there
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Global lithium demand has jumped more than 400% just this decade, to over 1.5 million metric tons per year. By 2035, that demand could approach 4 million tons. Lithium-ion battery demand for electric vehicles, utility-scale and data center energy storage, and the emerging robotics industry are all driving the growth.
The problem is the U.S. produces little more than 1% of the world’s lithium supplies, largely from Albemarle’s Silver Peak mine in Nevada. The world relies primarily on China for
The problem is the U.S. produces little more than 1% of the world’s lithium supplies, largely from Albemarle’s Silver Peak mine in Nevada. The world relies primarily on China for
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