The McDermitt Caldera in Oregon holds a potentially massive lithium deposit, estimated at $1.5 trillion, sparking debate over its development. While proponents highlight its potential to bolster domestic battery production and alleviate reliance on foreign sources, concerns exist regarding the impact on sensitive wildlife, including pronghorn antelope and sage-grouse, and culturally significant Indigenous sites. The Bureau of Land Management’s limited public comment period has drawn criticism, mirroring similar disputes in Nevada over water resources. Balancing economic benefits with environmental protection and community input remains a central challenge.
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A recent discovery at California’s Salton Sea revealed an estimated 18 million tons of lithium, valued at approximately $540 billion. This substantial lithium deposit, dubbed “white gold,” represents a significant breakthrough for the battery industry. The Salton Sea, California’s largest lake, now holds the potential to revolutionize domestic lithium production. This find could significantly impact the global supply chain and accelerate the transition to cleaner energy technologies.
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A significant lithium deposit in central Ukraine, near the abandoned village of Liodiane, holds the potential for substantial economic benefit, with an estimated daily extraction capacity of 4,300 tonnes. However, development is stalled due to ongoing conflict and a controversial demand by the former US president for a significant share of Ukraine’s mineral wealth as payment for prior military aid. Ukrainian officials have rejected this demand, emphasizing the need for security guarantees before any deals involving their national resources are considered. The mine’s development, projected to cost $350 million, is contingent on the end of the war and securing international investment.
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John Q. Hosedrinker