Massive lithium reserves discovered under California's Salton Sea could boost U.S. domestic supplies of the critical mineral used to make EV batteries and other technologies.
A massive lithium find in California's Salton Sea region could help boost domestic supplies of the mineral, which plays a critical role in production of electric vehicle batteries. The Salton Sea region of Southern California is currently home to significant geothermal electricity generation.
Business Network's Max Gorden spoke with Rod Colwell, CEO of Controlled Thermal Resources , which is moving forward with a project to extract and process lithium in the region while being powered by geothermal energy. CTR's project has received investment from automakers GM and Stellantis, while other companies also have lithium plants planned for the region. "I would say, think about maybe the early days of big oil," Colwell said.
The U.S. currently imports more than 25% of its lithium. A USGS report noted that from 2019 to 2022, U.S. lithium imports came primarily from Argentina and Chile , with notably smaller amounts imported from China and Russia . Australia's lithium mines were the world's most productive, followed by Chile and China, per the USGS report. The world's largest lithium reserves were Chile with 9.3 million tons, Australia with 6.2 million tons, Argentina with 3.
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