USGS Finds Enough Lithium to Meet Annual Demand Nine Times Over

The United States Geological Survey (USGS) and the Arkansas Department of Energy and Environment's Office of the State Geologist have discovered a vast lithium reserve containing more than nine times the International Energy Agency's projection of global lithium demand for electric vehicles in 2030. A relic of an ancient sea that left an extensive, porous, and permeable limestone geologic, the Smackover Formation extends under parts of Arkansas, Louisiana, Texas, Alabama, Mississippi, and Florida, and could contain between 5 and 19 million tons…