2024-01-19 22:35:00
He China Ministry of Natural Resources reported the discovery of a large lithium deposit following five years of prospecting and exploration, the official agency reported Xinhua.
The discovery of the site in Yajiang, in the central province of Sichuan, represents a “significant breakthrough for China’s energy security and green development”the Ministry declared on Wednesday.
This would contain lithium reserves regarding one million tonsreported the portfolio.
The announcement comes at a time when China has redoubled efforts to explore internal resourcesseeking to strengthen energy and resource security amid an intensified global competition for fundamental resources such as lithium, which is a key material for battery manufacturing of electric vehicles.
For this reason, the Chinese electric car sector is looking abroad in the face of intense competition in the domestic market and plans to transition to this type of mobility in numerous countries around the world, including Chile.
Estimates of the International Energy Agency (IEA) show that the global lithium demand might be multiply more than 40 times until 2040so controlling an important part of the global material exploitation chain would translate into economic and geopolitical benefitsaccording to some analysts.
China already had around seven percent of lithium resources identified in the world, located in sixth place following Bolivia, Argentina, the United States, Chile and Australia, according to data from the United States Geological Survey cited by the local press.
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