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China's lithium reserves surge, becoming the world's second largest

share-iconWednesday, January 08 comment-icon2 weeks ago 8 views
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scmpSCMP
China's lithium reserves surge, becoming the world's second largest

Credited from: SCMP

  • China’s lithium reserves have nearly tripled, positioning it as the second-largest holder globally, according to Xinhua.
  • The nation now possesses 16.5% of the world's lithium reserves, surpassing countries like Australia and Argentina.
  • This increase is due to the discovery of new deposits and innovative extraction techniques.
  • These reserves are critical for electric vehicle batteries and the expanding renewable energy sector.
  • Recent mining discoveries include a substantial 2,800km spodumene belt in Tibet, with potential reserves exceeding 30 million tonnes.

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Lithium China Renewable energy Electric vehicles Reserves Mining Environmental impact
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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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