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THE BATTERY BOOM SPARKED IN THE U.S.
from 2022 Annual Report
by RESPEC
Powering the World With Lithium Mining
In 2022, gas prices skyrocketed. Electric vehicles (EVs) became a popular, eco-friendly alternative for transportation, leading to a surge in the need for lithium batteries that make them run.
Activity around lithium mining, exploration, and development for batteries has risen in the past couple of years, sparking what’s become known as the Lithium Battery Boom. Lithium batteries are lighter, easily rechargeable, and can pack more energy into smaller bodies. As the world pushes toward electrification, lithium mining will play a key role in the global shift to a sustainable, low-carbon future.
RESPEC’s mining and geologic experts are helping companies develop lithium clay and brine deposits in Nevada, Utah, and Arkansas. We help clients get permits from regulators; estimate resources and reserves; collect data; and manage geologic field logging, core processing, and drilling. With RESPEC’s help, these companies will be able to extract lithium responsibly and sustainably, ensuring that the Lithium Battery Boom benefits both the environment and the economy.
