China lithium deposit discovered near Mount Everest may be boon in push to secure critical resource

Feb 21, 2022 | INVESTING

A vast deposit of one of the most highly coveted metals on Earth could potentially be located in the region around Mount Everest, according to Chinese scientists.The researchers’ discovery of lithium near the world’s tallest mountain comes as global demand for the metal has been skyrocketing, sending prices to record levels and further fuelling geopolitical competition for strategic resources.The ore deposit may contain as much as 1.0125 million tonnes of lithium oxide, according to the group…

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