Popular
Week Ahead: NIFTY Stays In Technically Challanging Environment;...
Top 5 Canadian Mining Stocks This Week: Group...
Crypto Market Recap: Bitcoin Breaks US$100,000, Coinbase Makes...
Tech 5: OpenAI Restructures, Apple Pursues AI Search,...
Diver dies in preliminary operations to recover tech...
Russia’s European neighbors are lifting bans on landmines....
Former Panama president Martinelli leaves Nicaraguan embassy for...
Fresh round of US-Iran talks underway in Oman...
‘Never again war!’ Pope Leo calls for peace...
Trump is visiting three of the world’s richest...
Week Ahead: NIFTY Stays In Technically Challanging Environment;...
Top 5 Canadian Mining Stocks This Week: Group...
Crypto Market Recap: Bitcoin Breaks US$100,000, Coinbase Makes...
Tech 5: OpenAI Restructures, Apple Pursues AI Search,...
Diver dies in preliminary operations to recover tech...
Russia’s European neighbors are lifting bans on landmines....
Former Panama president Martinelli leaves Nicaraguan embassy for...
Fresh round of US-Iran talks underway in Oman...
‘Never again war!’ Pope Leo calls for peace...
Trump is visiting three of the world’s richest...
  • Home
HotInvestingPilots.com
  • Politics
  • World News
  • Stock
  • Investing
Investing

USGS: Smackover Formation Lithium Could More Than Meet Global 2030 Demand

by October 25, 2024
written by October 25, 2024

The US Geological Survey (USGS) released findings on Monday (October 21) indicating that Southwestern Arkansas may contain substantial lithium reserves, estimated between 5 million and 19 million metric tons.

This assessment was made possible through an innovative approach that combined water testing with machine learning techniques, enabling a new understanding of the lithium potential in the region.

The study, a collaboration between the USGS and the Arkansas Department of Energy and Environment, primarily focuses on the Smackover Formation, a geological structure dating back to the Jurassic period.

The formation, historically recognized for its oil and bromine deposits, has emerged as a potential source of lithium found in the brines associated with oil and gas extraction. It is characterized by its porous limestone structure, and is wide ranging, spanning parts of Arkansas, Louisiana, Texas, Alabama, Mississippi and Florida.

David Applegate, USGS director, emphasized the importance of lithium as a critical mineral in the energy transition, saying that increased US production could mitigate reliance on foreign imports and improve supply chain stability.

‘This study illustrates the value of science in addressing economically important issues,’ he remarked.

Katherine Knierim, the study’s principal researcher, pointed out that the research marks the first estimate of total lithium present in the Smackover brines of Arkansas, noting the potential to satisfy US lithium demands. “We estimate there is enough dissolved lithium present in that region to replace US imports of lithium and more,” she said.

The current global shift toward electric vehicles and renewable energy technologies has significantly increased demand for lithium, an essential component in battery production for these sectors.

According to industry projections, lithium demand is expected to rise as the transition from fossil fuels intensifies. The US currently relies on imports for over 25 percent of its supply, highlighting the importance of domestic resources.

The USGS states that the lower estimate of 5 million metric tons in the Smackover Formation could cover more than nine times the projected global demand for lithium used in electric vehicle batteries by 2030, as outlined by the International Energy Agency. However, it remains to be seen whether the material in the area is commercially recoverable.

Using machine learning, a subset of artificial intelligence, the USGS was able to create predictive models estimating total lithium concentrations in Smackover Formation brines. The resulting models can predict lithium concentrations across areas of the formation, including regions that lack direct sampling.

Knierim highlighted the collaborative effort behind the research in the organization’s release.

‘The USGS — and science as well — works best as a partnership, and this important research was possible because of our strong partnership with the Office of the Arkansas State Geologist,’ she said.

As part of its mission to provide scientific information on mineral resources, the USGS has been monitoring lithium production, demand and imports in the US since the passage of the Energy Act of 2020. This law mandates that the USGS maintain a comprehensive list of critical minerals, including lithium.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

0 comment
0
FacebookTwitterPinterestEmail

previous post
Keith Weiner: Key Gold Price Driver Has Changed — Time to Buy Dips, Not Sell Blips
next post
Biden Admin Pledges US$428 Million for Clean Energy in Ex-Coal Regions

Related Articles

Triumph Gold Updates Shareholders on Operations, Engages Market...

May 10, 2025

Investing in Uranium ETFs: 9 Options for Uranium...

May 10, 2025

Buffett Hands Over Reins, What’s Next for Berkshire’s...

May 10, 2025

Brunswick Exploration Announces Brokered Private Placement for Gross...

May 9, 2025

Drill Contract Awarded for Elizabeth Hill. Technical Visit...

May 9, 2025

Top 5 Canadian Mining Stocks This Week: Group...

May 11, 2025

Crypto Market Recap: Bitcoin Breaks US$100,000, Coinbase Makes...

May 11, 2025

Tech 5: OpenAI Restructures, Apple Pursues AI Search,...

May 11, 2025

Crypto Market Recap: Bitcoin Breaks US$100,000 as ETF...

May 10, 2025

7 Copper ETFs and ETNs

May 10, 2025

Triumph Gold Updates Shareholders on Operations, Engages Market...

May 10, 2025

Investing in Uranium ETFs: 9 Options for Uranium...

May 10, 2025

Buffett Hands Over Reins, What’s Next for Berkshire’s...

May 10, 2025

Brunswick Exploration Announces Brokered Private Placement for Gross...

May 9, 2025

Drill Contract Awarded for Elizabeth Hill. Technical Visit...

May 9, 2025

Top 5 Canadian Mining Stocks This Week: Group...

May 11, 2025

Crypto Market Recap: Bitcoin Breaks US$100,000, Coinbase Makes...

May 11, 2025

Tech 5: OpenAI Restructures, Apple Pursues AI Search,...

May 11, 2025

Crypto Market Recap: Bitcoin Breaks US$100,000 as ETF...

May 10, 2025

7 Copper ETFs and ETNs

May 10, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Russia’s European neighbors are lifting bans on landmines. Campaigners are horrified

    May 11, 2025
  • Former Panama president Martinelli leaves Nicaraguan embassy for asylum in Colombia

    May 11, 2025
  • Fresh round of US-Iran talks underway in Oman as two sides try to overcome deep divisions

    May 11, 2025
  • ‘Never again war!’ Pope Leo calls for peace in Ukraine and Gaza in first Vatican address since his election

    May 11, 2025
  • Trump is visiting three of the world’s richest nations. Here’s what’s on their wish list

    May 11, 2025
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 hotinvestingpilots.com | All Rights Reserved

HotInvestingPilots.com
  • Politics
  • World News
  • Stock
  • Investing