Posted 1/18/2024, 2:00:13 PM
China Taps Into Major Lithium Deposit, Bolstering EV Battery Production
- China discovers 1 million tonne lithium deposit in Sichuan province, adding to its domestic supply
- Lithium is critical for electric vehicle batteries and renewable energy technology
- China relies heavily on imported lithium despite having 7% of global resources
- Thailand also claims recent major lithium discovery, competing with China
- Domestic lithium supply to further boost China's dominance in EV batteries and vehicles