China has emerged as the world’s second-largest holder of lithium reserves, solidifying its leadership in electric vehicle (EV) batteries and renewable energy technologies.
According to Xinhua, China’s share of global lithium reserves has surged from 6% to 16.5%, surpassing Australia, Argentina, and Bolivia, with only Chile ahead. This milestone is attributed to significant discoveries and breakthroughs in extraction technologies.
Key Developments:
Tibet Discovery: A 1,740-mile spodumene belt in Tibet is estimated to contain 6.5 million tons of lithium, with potential reserves of up to 30 million tons. Tibetan salt lakes also hold over 14 million tons, ranking third globally for this deposit type.
Technological Advancements: Enhanced processing of lepidolite, a previously challenging mineral, has unlocked an estimated 10 million tons of lithium in Jiangxi, with additional reserves in Hunan and Inner Mongolia.
Global Ventures: In Mali, China is developing one of the largest untapped lithium deposits, aiming to produce 506,000 tons annually and double capacity in subsequent phases.
China’s bolstered lithium reserves are poised to reduce reliance on imports, stabilize production costs, and meet the growing demand for EVs and electronic devices. In 2022, China accounted for 76% of global lithium-ion battery production, underscoring its pivotal role in the new energy landscape.
These advancements not only strengthen China’s domestic capabilities but also position it as a key player in addressing global lithium supply challenges.
