How Much Lithium Has Been Found—and How Was It Formed?
A lake then pooled inside the caldera—“a large depression formed when a volcano erupts and collapses,” as per National Geographic—alongside the layers of minerals and volcanic ash.
Over time, the sediments evolved into lithium-bearing clay minerals, which now represent a potentially transformative breakthrough in natural resource management and extraction finance.
Dubbed the world’s biggest lithium reservoir, geologists believe the caldera could contain between 20 to 40 million metric tonnes of lithium.
A staggering number that could reshape the electric vehicle insurance, clean energy sector, and mining rights litigation landscape.
Why Elon Musk Is Set to Benefit from the Lithium Deposit Discovery
Well, lithium is vital in the production of lithium-ion batteries, which are central to powering smartphones, laptops, and especially electric vehicles (EVs).
