How much you wanna bet that Trump will somehow cause the entire deposit to catch fire?
Abundance of critical minerals and lack of democracy. Very dangerous combination, deploy military democracy enforcement!
Lithium will run out lol. Any time now.
That site is unreadable on mobile.
Seems fine to me
lucky you. Nothing but ads for me.
That is only by not using firefox and ublock.
That works on mobile? Looks like I’m changing if true.
On android it does. On iPhone Firefox it will not work.
Sorry. Yes Android
wow MONEY and VALUE for STONES for SOMEONE upstream from the LABOR
I find this perspective funny nowadays, and I want more people to question it, really question it. It’s valued at over $1.5 trillion? No, it’s worth nothing if it just sits there doing nothing. If you worded it as “Could be worth…” then I’d give it a pass. But don’t let yourself be fooled, that lithium has absolutely no real value if it’s not mined and put towards something that someone can use to improve their quality of life.
technically, it enhances the value of the land it’s under. as in if you own that land, and someone wants to buy it for mineral extraction, the value got whole lot higher knowing there is lithium there.
That’s… That’s what “valued at” means…
No it’s not, I don’t value it at all because I can’t actually use it for anything right now.
“I’m homeless right now, so future affordable housing is worth nothing to me.”
If you’re homeless then at your current time it’s valueless. It’s like being told “there’s an abundance of food being grown… in 5 years” and you die of starvation.
But that’s how people use it though? It’s used to mean “we’re think it’s about this much”
A trip to wiktionary will inform you that value has multiple meanings. And honestly a random persons opinions don’t really matter in the mining world which is pretty small and doesn’t really care about general society.
Right but you’re not a billion dollar company that will excavate the minerals and sell them for a profit
How do you know they’ll do that? What if it just sits in the ground for a million years, does it have any value then?
Like to make it completely clear, I could value the moon at $5 trillion, it doesn’t matter because I can’t actually get to the moon.
I can get to my house, and I can value it at 5 trillion €. That doesn’t make it worth 5 trillion €.
If an actual person/company that values things for a living, does an analysis on the value of my house, and it is valued by X€, then it is probably valued at X€. If someone says “pff just because they say so? I’ll buy your house for 5€”. Then a lot of people will come and say “5€? That’s a steal, if you’re gonna give it for such a low price, I’ll get it for 6€”, and it will probably go on until it reaches an amount very close to X€. If it ends up way below X€, the ones that did the analysis would probably want to buy it themselves, because they actually think they can make a lot of profit on that.
I don’t know why I have to explain this. This is very basic economics.
False analogy, a house isn’t a raw material in the ground that no one has touched.
Let’s do one with raw material in the ground:
There is a mountain that is 99% made of solid gold, but none bothered to check. Some random dude has the mineral rights for that mountain.
Suddenly one day, that dude wanders in his mountain and makes a 1m deep hole and finds the gold. He has not yet extracted a single gram of gold.
So you say that mountain has no value?
Or has the analogy have to be lithium now?
The mountain gold itself has no value until extraction begins and the gold is applied to help benefit someone’s life. The value of something is derived from a human directly benefiting from it. Only until the lithium is mined and used to do something that helps improve someone’s quality of life then it hasn’t realized its value yet.
So if you are that dude with the mining rights, you would sell them at the same price before and after discovering the gold right? Since the discovery of gold hasn’t changed its value.
Malheur County, Oregon
Oh, oh god, oh fuck shit
Beautiful part of the world
Before the mines
thanks
Thank you
RARE EARTH METALS ARE NOT RARE!
Lithium is the 25th most abundant element in Earth’s crust!
we see these head lines all the time because it is everywhere, the problem has never been finding it, it’s been refining it, and china has a Monopoly on the refining techniques and refuses to do business with anyone who tries to adopt the technology and restricts travel of the people with the knowledge to do so.
Lithium is literally named after stone. No one ever claimed it is rare.
When an X deposit is found, it means that a place has been found where an unusual concentration of a material in an easy/cheap-to-extract form has been found.
There are thousands of tons of gold in the ocean water. But no one would call the ocean a gold deposit. Because it would require a ton of effort/money to extract a tiny amount of gold from the ocean.
All true, but lithium is not a rare earth metal.
Lithium isn’t a rare earth
Good, the children yearn for the lithium mines. /s
Maybe I should re-train from computer programmer to lithium miner?
I don’t think the people in power care for those sort of miners
The current ones definitely do.
They’re saying they like minors
I had just woken up, I’ll leave it.
The federal government invades that state for “peace and freedom”
And “truth”. Don’t forget “truth”.
Really bizarre to write an article saying this deposit was ‘discovered’. This is decade old news. I saw the headline and thought ‘oh nice that’s like a whole other Thacker Pass’ but it literally is just Thacker Pass.
but it literally is just Thacker Pass.
This isn’t Thacker Pass.
https://en.wikipedia.org/wiki/Thacker_Pass_lithium_mine
The Thacker Pass lithium mine is a lithium clay mining development project in Humboldt County, Nevada
The location being discussed:
McDermitt Caldera in Oregon
It looks like there was some discussion that there might be lithium there a bit back, like in 2023, but this is not decade-old news.
bet it’s inside a national park that the GOP just exposed through government rollbacks.
Well, if it’s good enough for quartz mining…
If only there was information in the post about where it is then you wouldn’t have to guess. Or you can just make stuff up to get mad at.
sorry if I don’t immediately trust a source of information that was founded by a venture capitalist chud.
I bet it’s like the one discovered in Portugal which is of a mineral form of it for which there is no technology to industrially extract the lithium.
In other words, about as feasible as “we can extract all the <insert mineral> we want from sea water”.
What happened to the last 2.5t lithium deposit? Also these deposits are just the tech to extract ever smaller amounts of valuable material from waste material right? Like oh this land has 0.0001% lithum percent but now that is profitable because advances in valuables extraction, if we crator this region.
China isn’t special to have high concentration deposits they are special because no one is going to stop them from digging up hundreds of square/km of Earth in Africa.
China’s special for controlling a very high proportion of the processing infrastructure that converts the lithium ore to batteries, rather than the extraction. There are a bunch of places that have substantial known lithium reserves.
https://worldpopulationreview.com/country-rankings/lithium-reserves-by-country
Country Lithium Reserves 2024 (MT) Chile 9.3M Australia 7M Argentina 4M China 3M United States 1.8M Canada 1.2M Zimbabwe 480K Brazil 390K Portugal 60K Namibia 14K Total 27.2M Australia does the most extraction:
https://worldpopulationreview.com/country-rankings/lithium-production-by-country
Oil-backed GOP will make sure it doesn’t get developed until next century. “Buy oil instead you losers!”
