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Meanwhile, there's a new gold rush in California....
'Lithium Valley' may provide California with its next gold rush
The auto industry is introducing fleets of electric vehicles that will be powered by lithium-ion batteries and while the U.S. has massive quantities of lithium locked underground, companies have been slow to invest in mining and extraction.
That's about to change. Lithium operations powered by clean energy are being developed in California, near the Salton Sea. Just like California's 1849 Gold Rush, companies are racing to strike it rich in a region some are now calling Lithium Valley.
Eric Spomer is president and CEO of EnergySource Minerals, a company focused on recovering lithium from the region's geothermal brine.
"When you hear estimates of how big this resource could be, it's usually measured on annual tons produced. And we're confident that this is in excess of 300,000 tons a year," said Spomer. "Right now, that's way more than half of the world supply of lithium."
EnergySource Minerals is steaming ahead with plans to build a lithium facility, which Spomer said could be ready for commercial use by 2025.
'Lithium Valley' may provide California with its next gold rushAs demand for electric vehicles grows, companies are racing to develop what's being called Lithium Valley in California, with plans to extract the metal to power batteries.www.cbsnews.com
And they complained about us moving some oily dirt about....
But they will allow holes like this to be dug?
Looks like a coal mine to me.