Southern state could become 'white gold' boom town after 150 billion lithium reserve discovery

Arkansas is sitting on a 150 billion'hidden treasure' trove of lithium that could meet the global demand for EV batteries by 2030. The US Geological Survey (USGS) found between five and 19 million tons of lithium in the Smackover Formation, which is nine times the amount needed to meet the ongoing electric vehicle demand in the US by the end of the decade. The metal is a necessary component for batteries used in EVs and can be extracted from the brine wastewater from the same mines that produce oil and gas. 'Lithium is a critical mineral for the energy transition, and the potential for increased U.S. production to replace imports has implications for employment, manufacturing and supply-chain resilience,' USGS Director David Applegate said. 'This study illustrates the value of science in addressing economically important issues.'