Please ensure Javascript is enabled for purposes of website accessibility
California's 'Lithium Valley' Set to Transform Global Battery Market
By admin
Published 1 year ago on
December 5, 2023

Share

Getting your Trinity Audio player ready...

Imperial County, a remote desert region in Southern California, is set to become a significant player in the global lithium market.

The area, known as Lithium Valley, is estimated to hold around 3,400 kilotons of lithium, a mineral crucial for battery production. With the surge in demand for electric vehicles, the need for lithium is expected to increase by 4,000% in the coming decades.

The Salton Sea region, part of Imperial County, is believed to have the world’s highest concentration of lithium in geothermal brines. The extraction of this mineral could potentially generate over $7 billion annually, based on the 2020 price of $12,000 per ton. However, the extraction process is complex and requires significant water resources, raising concerns about the impact on the region’s water supply, particularly the Colorado River.

$30 Million in Taxes Annually to Impoverished Area?

Despite these challenges, the local community largely supports the mining operation, as it promises to bring much-needed economic relief to the area. The county plans to tax lithium extraction, with 80% of the revenue going directly to the county and at least 30% being spent on local community projects. The tax revenue from lithium production could reach up to $30 million per year.

However, there are still many unknowns, including potential damage to the region’s water, air, and indigenous cultural sites. The operation could also impact the health of local residents, particularly children who already suffer from high rates of asthma, likely due to toxic air particles from the receding Salton Sea.

Read more at SFGate.

RELATED TOPICS:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

UP NEXT

Tulare Student Will Compete in Scripps National Spelling Bee Finals

Why Did the California Senate Shunt a Cost-Cutting Housing Bill?

12 hours ago

Fresno Teachers Call for Probe After Superintendent Orders Up Dossier Against Union

12 hours ago

Elon Musk Exiting Trump’s Team After Criticizing the ‘Big Beautiful Bill’

WASHINGTON — Elon Musk is leaving his government role as a top adviser to President Donald Trump after spearheading efforts to reduce and ov...

10 hours ago

Elon Musk listens as President Donald Trump speaks with reporters in the Oval Office at the White House, Tuesday, Feb. 11, 2025, in Washington. (AP/Alex Brandon)
10 hours ago

Elon Musk Exiting Trump’s Team After Criticizing the ‘Big Beautiful Bill’

11 hours ago

Tulare Student Will Compete in Scripps National Spelling Bee Finals

12 hours ago

Federal Trade Court Blocks Trump From Imposing Sweeping Tariffs Under Emergency Powers Law

12 hours ago

Why Did the California Senate Shunt a Cost-Cutting Housing Bill?

12 hours ago

Fresno Teachers Call for Probe After Superintendent Orders Up Dossier Against Union

President Donald Trump holds a chart next to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. REUTERS/Carlos Barria/File Photo
12 hours ago

US Court Blocks Trump’s ‘Liberation Day’ Tariffs

U.S. Secretary of State Marco Rubio meets with German Foreign Minister Johann Wadephul (not pictured) at the State Department in Washington, D.C., U.S., May 28, 2025. REUTERS/Elizabeth Frantz
12 hours ago

Rubio Says US Will Start Revoking Visas for Chinese Students

13 hours ago

CA Man’s 378-Year Sentence Overturned After Judge Rules Accuser May Have Made Up Charges

Help continue the work that gets you the news that matters most.

Search

Send this to a friend