Massive Lithium Deposit Discovered in Nevada - Could Double World's Largest Source and Transform U.S. EV Supply
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A lithium deposit estimated to hold between 20-40 million metric tons was discovered in the McDermitt Caldera crater along the Nevada-Oregon border. This could potentially double the current largest lithium deposit in the world.
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The deposit could greatly increase U.S. lithium reserves, currently estimated at only 1 million metric tons, and reduce reliance on foreign sources.
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The abundance of lithium could impact prices, supply dynamics, and geopolitics related to the key metal needed for electric vehicle batteries.
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Mining at the McDermitt Caldera site could begin by 2026 despite opposition from conservationists, Indigenous tribes, and NASA regarding lithium mining in the region.
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Nevada has been a hotbed for lithium deposits but proposed mines have faced protests over environmental and cultural impacts.