Reserves
Worldwide identified reserves in 2008 were estimated by the
US Geological Survey (USGS) to be 13 million
tonnes,
[43] though an accurate estimate of world lithium reserves is difficult.
[86][87]
Deposits are found in South America throughout the
Andes mountain chain.
Chile is the leading producer, followed by
Argentina. Both countries recover lithium from brine pools. According to USGS, Bolivia's
Uyuni Desert has 5.4 million tonnes of lithium.
[88][89]
In the United States, lithium is recovered from brine pools in
Nevada.
[15] However, half the world's known reserves are located in
Bolivia along the central eastern slope of the Andes. In 2009, Bolivia negotiated with Japanese, French, and Korean firms to begin extraction.
[88] A deposit discovered in 2013 in
Wyoming's
Rock Springs Uplift is estimated to contain 228,000 tons. Additional deposits in the same formation were estimated to be as much as 18 million tons.
[90]
Opinions differ about potential growth. A 2008 study concluded that "realistically achievable lithium carbonate production will be sufficient for only a small fraction of future
PHEV and
EV global market requirements", that "demand from the portable electronics sector will absorb much of the planned production increases in the next decade", and that "mass production of lithium carbonate is not environmentally sound, it will cause irreparable ecological damage to ecosystems that should be protected and that
LiIon propulsion is incompatible with the notion of the 'Green Car'".
[52]
However, according to a 2011 study conducted at
Lawrence Berkeley National Laboratory and the
University of California, Berkeley, the currently estimated reserve base of lithium should not be a limiting factor for large-scale battery production for electric vehicles because an estimated 1 billion 40
kWh Li-based batteries could be built with current reserves
[91] - about 10 kg of lithium per car.
[92] Another 2011 study by researchers from the
University of Michigan and
Ford Motor Company found sufficient resources to support global demand until 2100, including the lithium required for the potential widespread transportation use. The study estimated global reserves at 39 million tons, and total demand for lithium during the 90-year period analyzed at 12–20 million tons, depending on the scenarios regarding economic growth and recycling rates.
[93]
On June 9, 2014, the
Financialist stated that demand for lithium was growing at more than 12 percent a year; according to Credit Suisse, this rate exceeds projected availability by 25 percent. The publication compared the 2014 lithium situation with oil, whereby "higher oil prices spurred investment in expensive deepwater and oil sands production techniques"; that is, the price of lithium will continue to rise until more expensive production methods that can boost total output receive the attention of investors.
[94]