Arkansas is sitting atop lithium reserves that could be vast enough to satisfy the entire world’s demand for EV batteries, according to the US Geological Survey (USGS).
It estimates that there could be 5 to 19 million tons of lithium under southwestern Arkansas. That would be enough to supply nine times the amount of the key material needed globally for car batteries in 2030, the USGS says.
Lithium is a key ingredient for rechargeable batteries used in EVs and all kinds of devices. As the US tries to limit the greenhouse gas emissions causing climate change by encouraging electric vehicle adoption, the Biden administration has made it a priority to build up domestic supply chains for critical minerals including lithium. The US might…