Top 10 Lithium Reserves In The World
Today in we will give you the list of the Top 10 Lithium Ion Reserves in the World with Accurate DATA, Lithium is a vital component of the modern world, being used in batteries that power everything from smartphones to electric vehicles. As the demand for lithium continues to grow, it’s important to know where the world’s top reserves are located. In this article, we will discuss the top 10 lithium reserves in the world.
Wikipedia – List of All countries by lithium production
Note:- DATA IS ACCURATE MORE THAN YOUTUBER’S DATA 🙂
List of Top 10 Lithium Ion Reserves in the World
- Chile: With approximately 9.2 million metric tons of lithium reserves, Chile holds the largest share of lithium reserves in the world, about 48%. The Atacama Desert is the primary source of lithium extraction, and Albemarle Corp. and Sociedad Quimica Miner De Chile SA operate large lithium mines in the country. 9,200,200 Metric Tonnes or (9.2 Million metric tons)
- India: The Geological Survey of India recently announced that it has discovered 5.9 million metric tons of inferred resources of lithium in the Salal-Haimana area of Jammu and Kashmir. This discovery potentially changes the game for India’s electric mobility and personal device sectors. The Indian government aims to ensure that 30% of new vehicle registrations will be electric by 2030. 5.9 Million metric tons or (5,900,000 Metric Tonnes)
- Australia: Australia is the world’s second-largest holder of lithium reserves till 2022, Now it comes in 3rd Place, with around 5.7 million metric tons of lithium reserves. The Greenbushes lithium mine in Western Australia is the largest lithium mine in the country, and Talison Lithium owns most of the lithium mines in Australia. 4,700,000 (5.7 Million metric tons)
- Argentina: Argentina holds about 21% of the world’s lithium reserves, with 1.9 million metric tons of lithium reserves. The Kachi lithium mine in Catamarca is where most of the lithium is found, and LSC Lithium BV owns the lithium mines in Argentina. 1,900,000 MT (1.9 Million metric tons)
- China: China holds nearly 1.5 million metric tons of lithium reserves and imports raw lithium from various countries. China refines and processes most of the world’s lithium, manufacturing lithium-ion cells and battery components. Jiangxi Ganfeng Lithium owns most of the lithium in China, and Lake Zabuye is the primary source of lithium in China. 1,500,000 MT (1.5 Million metric tons)
- United States: The United States holds nearly 750,000 metric tons of lithium reserves and produces 2% of the world’s lithium. The Thacker Pass lithium mine in Nevada is the largest deposit in the country, and Cypress Development Corp and Lithium Americas Corp own most of the lithium reserves in the US. 750,000 MT (0.75 Million metric tons)
- Canada: Canada has 530,000 metric tons of lithium reserves. 530,000 MT ( .53 Million metric tons)Â
- Zimbabwe: Zimbabwe has the largest lithium reserves in Africa, with around 220,000 metric tons of lithium reserves. The Bikita Mines in the Bikita Hills of Masvingo Province is where lithium is found, and Sinomine Resource Group Company owns the mine. 220,000 MT (.22 Million metric tons approx.)
- Brazil: Brazil has 95,000 metric tons of lithium reserves and produces 1.5% of the world’s lithium. Lithium mines are found in Minas Gerais, and the Itinga Lithium Project is owned by lithium Ionic. 95,000 MT (.095 Million metric tons)
- Portugal: With 60,000 metric tons of known lithium reserves, Portugal has the only lithium mine in Europe. The Barroso Lithium Project is set up for the mining of lithium in the Northern Portugal area, where hard rock spodumene is found. 60,000 MT (.06 Million metric tons)
Data Source: Click Here
Inferred Resources
- Inferred Resources refer to a part of a mineral resource for which tonnage, grade, and mineral content can be estimated with a low level of confidence.
- These resources are inferred from geological evidence and assumed but not verified through exploration.
- The United Nations Framework Classification for Fossil Fuel acknowledges that quantities are always estimated, and there will be a degree of uncertainty associated with the estimates.
- The confidence level of Inferred Resources is represented by the UN classification system. A low estimate scenario is directly equivalent to a high confidence estimate (G1), whereas the best estimate scenario is equivalent to the combination of the high confidence and moderate confidence estimates (G1+G2). A high estimate scenario is equivalent to the combination of high, moderate, and low confidence estimates (G1+G2+G3).
- In India, most mineral projects are at an exploratory stage and fall under the G4 class of the UN classification, indicating a higher level of uncertainty associated with Inferred Resources.
- Inferred Resources may have the potential for extraction, but they are not yet economically viable until further exploration and assessment are carried out to verify their quantity and quality.
G1, G2, G3, G4, Classifications
The UNFC classification for mineral resources and reserves includes four categories: G1, G2, G3, and G4. Here is a summary of each category along with an example:
G1:
- The highest level of confidence for a resource or reserve estimate
- Based on detailed exploration, sampling, and analysis
- Reliable enough for planning and detailed engineering design
- Example: A mine with a long history of production and extensive exploration, with well-established geological data and proven reserves.
G2:
- Moderate level of confidence in a resource or reserve estimate
- Based on a lesser amount of exploration, sampling, and analysis than G1
- Sufficiently reliable for preliminary engineering design and feasibility studies
- Example: A deposit with some history of production and geological data, but not enough to meet the criteria for G1.
G3:
- Low level of confidence in a resource or reserve estimate
- Based on limited exploration, sampling, and analysis
- Estimated from geologic evidence, with a greater degree of uncertainty
- Suitable for early-stage planning and scoping studies
- Example: A deposit that has been identified but has not been fully explored or assessed.
G4:
- The lowest level of confidence for a resource or reserve estimate
- Based on the most limited exploration, sampling, and analysis
- Little or no geological evidence, only inferred from preliminary observations
- Only suitable for speculative or conceptual studies
- Example: A site where preliminary exploration has identified the possibility of mineralization but further work is required to determine the extent and quality of the resource.
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