Staggering $1.5 Billion Lithium Deposit Discovered Near Newry; Excavating It Poses a Challenge
27th October 2021
Lithium is prized because it is lightweight and can store lots of energy, making it an important component in batteries for electric vehicles and as reservoirs for excess energy generated by wind turbines and solar panels. Demand for lithium-ion batteries is expected to grow between five- and 10-fold by the end of the decade, and the world must ramp up production quickly to move away from fossil fuels.
This find could contribute to that. But under Maine’s recently enacted mining laws, it’s unclear whether it will ever be extracted.
As always, government is the problem, not the solution.