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The world's largest lithium deposit has been discovered in the USA

September, 14 2023
watermark Economic news

The largest lithium deposit in the world has been discovered in the USA – inside an ancient supervolcano about 16 million years old.


Experts from Lithium Americas have suggested that the volcanic caldera McDermitt, which is located on the border between Nevada and Oregon, may contain from 20 to 40 million tons of lithium. 


In response to this information, Lithium Americas shares rose 7% on Monday, and the next day they jumped another 4%. The company operates the Tucker Pass lithium project located in the southern part of the McDermitt Caldera. 


Nevertheless, despite the potential volume of lithium reserves in the caldera, the question remains how economically justified the extraction of lithium, which is widely used in batteries, from smartphones to electric vehicles, will be. 


Lithium Americas plans to start operating its Tucker Pass mine in 2026. Successful production and confirmation of the scale of the deposit can play a big role in the future of one of the most popular raw materials on the planet.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.