JRL General Discussion Thread, page-374

Google translation. Note the first paragraph. Lost in translation, exaggeration or extrapolation from "talk", or, has someone been leaking over there?

POSCO Holdings has been confirmed to have secured a lithium supply chain near the McDermit Caldera in the United States, which has the largest lithium deposits in the world as a result of a recent investigation.On the 15th, POSCO Holdings, together with Jindali Resources (Jindali), an Australian mineral exploration and development company, is working on a clay lithium project in the northwestern section of the McDermit Caldera on the border of Oregon and Nevada in the United States, about 54.6 square kilometers.

Jindali is a company that holds a 100% stake in this clay project.POSCO Holdings signed a memorandum of understanding (MOU) with Jindali in February this year for joint research and business cooperation for the commercialization of the 'McDermett clay lithium project' in the United States. Currently, tests are being carried out based on clay lithium samples received from Jindali. POSCO Holdings, in collaboration with RIST (Pohang Research Institute of Industrial Science), plans to develop an optimal process technology to extract lithium from clay in the region.What draws attention is the possibility of a "jackpot" of this project, in which POSCO Holdings has dipped its toe.

In the McDermit caldera area, there are up to 40 million tons of lithium clay layers. Recently, an exploration team consisting of geologists from Canadian mining company Lithium America, GNS Science, and researchers from Oregon State University found lithium clay layers with reserves of 20 million ~ 40 million tons here.This exceeds the existing reserves of Bolivia's salt lake, which was rated as the No. 1 reserve, of about 23 million tons. The world's lithium reserves are 2nd place Argentina (20 million tons), 3rd place Chile (11 million tons), 4th place United States (12 million tons), It was followed by fifth-place Australia (7.9 million tons), but the amount found in the McDermit caldera region alone flipped the ranking. Anuk Bost, a professor of geology at the University of Leuven in Belgium, said, "The dynamics of lithium globally in terms of price, supply stability, and geopolitics could change."