Or a Chinese competitor: The US discovers a large deposit of precious metals
On August 17, Ecoportal website reported that the United States has discovered a large "white gold" deposit called lithium, which shocked the world. This could change the game in the coming decades and make the US market prosperous. With this deposit, the US is expected to compete with China, and may even succeed.
The report said that the US has a very large socioeconomic area called "Ark-La-Tex," located at the intersection of Arkansas, Louisiana, and Texas, several southern states. Now, this area has become a new center for the production of "white gold."
The large "white gold" deposit is backed by the US Energy Exploration Technologies company (Energy Exploration Technologies, Inc.). The company's CEO Tig Egan stated that this project will play an important role in ensuring the supply chain of materials related to renewable energy in the US. According to Mining Weekly, this project will become the second largest "white gold" mining project under EnergyX company.
Ecoportal website emphasized, "You probably guessed it, 'Project Lonestar' will extract the 'white gold' called lithium from brine in the 'Ark-La-Tex' region. According to company data, the lithium target production of the first phase of 'Project Lonestar' is 5,000 tons per year, and the second phase will increase to 25,000 tons per year."
Tig Egan emphasized, "This is a long process, and we have a lot to do, but it is crucial that US companies do focus on developing domestic resources to reduce our reliance on offshore suppliers for important elements such as lithium."
Additionally, according to Sino-US research institutions, China dominates the global lithium market, especially in refining and processing. However, China relies largely on imports from Australia, Chile, and Argentina. Therefore, this large lithium deposit in the US may bring it geopolitical advantages.
Ecoportal website expressed hope, saying, "As 'Project Lonestar' progresses, the future of the US seems more environmentally friendly from both economic and ecological perspectives. Although tensions between the US and China may escalate, there is still a glimmer of hope for alliance - Tesla has signed an agreement with China to help store renewable energy in its national energy system."
Original: www.toutiao.com/article/1840758095983625/
Statement: The article represents the views of the author.