The good old cycle of rare resource being found useful> US lacks this resource > "US hegemony is finished" > Some farmer in the middle of nowhere finds a massive deposit of said resources > repeat.
How much you want to bet that none of this newly found wealth will benefit the people of Arkansas at all? We're practically an extraction economy here, All the wealth goes to the rich executives and all the people are stuck living in extreme poverty as we have the highest poverty in the state
As an El Dorado native, I can safely say El Dorado won't benefit from the lithium boom should it be as big or bigger than expected. Magnolia and Texarkana will benefit, but El Dorado will be lucky to get a whiff of the success.
@@finchborat Then organize... talk to your county seats, city mayors, state governor, and force them to come up with a plan/legal contracts that ensure the people/places that these operations will be affecting (not only while the mining goes on, but long after operations have ceased) are justly I don't want to say compensated, but reimbursed. Or crowd fund for a lawyer who has a vendetta with these kinds of things happening to small communities and fight it. You have more power than you think.
There is no such thing as "normal." The volume of EV/battery production multiplied since 2020; as did the price of battery minerals. In respose to the price hike in 2012-2022, lithium miners made massive (mis)investment in lepodolite lithium, which in turn created downward price pressure today.
The GOP lies have been that there isn't enough lithium in the whole world to go green, and prices would be prohibitive. Peter Zeihan has sounded like a broken record on it. In just a couple years we're seeing record production and low prices. Lithium battery prices are down 90% in 10 years.
This area of Arkansas is really different from the rest of the state. I say that as someone who has lived in the Ozarks, the Delta, and Little Rock, as well as El Dorado. The area boomed in the first half of the 20th century with the oil industry, as well as the chemical processing that developed along side of it. Only couple of small refineries are left in El Dorado and Smackover. Chemical plants and timber became the economic mainstays after the oil boom ended. El Dorado has positioned itself as an arts and entertainment center for the region, while unsuccessfully exploring fracking to bring back the oil industry. Magnolia seemed to be benefiting from the growth of the local university, as it brought in large numbers of students from India to study technology. Nearby Camden has specialized in the defense industry technologies. The communities of southwest Arkansas seem to be in decline, but they have put up a good fight. Lithium may now prove to be the answer that bring economic success of the region.
As a life-long resident of El Dorado, the arts/entertainment plan hasn't really worked out. MAD started off with a bang, but it's long since fizzled out. We don't get the big acts we got in the early going and MAD is on it's 3rd restaurant in 7 yrs. And we're still waiting for Phase 2 to get going (aka get the Rialto fixed up). Cardi B cancelled her act here a few yrs back, Covid forced Snoop Dogg to cancel, and it was announced just today that Ginuwine's performance here has been cancelled with over a week to go. Should the lithium boom big as big, if not bigger than expected, Magnolia and Texarkana will be the main winners. El Dorado will be lucky to get a small whiff. And it's not just SW AR. All of South Arkansas is (and has been) in decline. We continue to lose population. We have little to see/do/offer. Of the big 3 in south central AR, Magnolia is the only one with a stable population. El Dorado and Camden are losing people.
I would say Camden specializes in defense Technologies. To the best of my knowledge the HIMARS missile system, the truck and the weapon itself is solely made in Camden Arkansas
My mom’s mother’s family was among those to benefit from the oil boom 100 years ago, and now I’m currently exploring my options for the small amount of oil land that my brother and I have recently inherited from her. I was an adult before I realized how rare it was that my grandmother had graduated from college (U of Arkansas) in 1933; the family obviously did much better than most during the Depression. Hopefully we can get a good deal out of this as well.
When I moved to El Dorado, I was told to think about the word tornado before saying the name of the town. If you use the same sequence of vowel sounds as in tornado, you will always say the town name correctly
You know what happens when you pull out that salt water. The above ground water fills the gap. Draining the drinking water into that aquifer. I’m from that area. It won’t slowly filter down over hundreds of years. It will just be years. There are millions of caves in that area that go extremely deep. Your sacrificing your water Arkansas. Not to mention gaining harmful waste products.
No. Trade is good. Learn about comparative advantage. It’s not just pointless, it’s wasteful for the US right now to destroy an entire mountain to dig up a little cobalt when we could get it for muuuuuuch cheaper(in man hours and literal depth/processing costs) from China, Australia, or the Congo. This tho. This is a byproduct of oil and gas exploration. Hope it’s viable, but we shouldn’t egotistically deny ourselves from good trade. What next? Stop importing Canadian lumber for the sake of IS jobs? You can understand how stupid that sounds
@@TheWizardGamez don't try to educate the average Amercian. They have never taken econ 101. All they care about is "local good paying manufature job"...
I’ve recently inherited a share of my mom’s family’s oil land south of Magnolia (along with my brother) and am currently in the process of looking into our options to make the most of this. When I was growing up, in the late 80s-early 90s, she was still receiving monthly royalties of about $200-300/month; these days it’s
Arkansas’ lithium boom has the potential to even weaken China’s „monopoly“ on EV supply chains, creating a more resilient and local source of critical materials not only for the US but for other countries like Germany or France looking to reduce their China exposure
Why should germany and France depends more on the US by reducing its reliance on China. That's the trick the US used for the last 20 years to weaken Europe competitiveness which led to growth and wages not rising as much in Europe than in the US. Europe needs to self-sufficent thus rely less on China and the US especially in the defense sector where US companies have almost a monopoly.
@@Charles-qe7kc Ok, well anyone can make lemons out of lemonade. America needs to break free form China in critical areas that impact national security and the ability to respond to an attack on China's neighbors. If that impacts the EU I could give a damn.
@@smartwatchonplutothis is more like a well (a hole in the ground) than an open pit mine. Drilling Technology already exists, Exxon has the expertise, it has been happening for 60 years in Arkansas already but they’ve been ignoring the lithium and reinjecting it into the ground.
The first 16 years of my life were spent in Columbia County AR of which Magnolia is the county seat. When I hear of Exxon-Mobile purchasing 120,000 acres of land, I scratched my head. Did they actually purchase this land or did they lease the subsurface mineral rights on 120,000 acres? If purchased, this 120,000 acres would be slightly less than 25% of the county's land area.
Your right. Looks like they bought drilling rights from the papers I'm reading, though it looks like 100 thousand acres of land are actually owned by a local corporation that is leasing the land to ExxonMobil.
99% chance they bought mineral rights or right of way for their pipes. I doubt that Exxon cares for the cattle and forest resources of the state to buy that much land
@ganjahiwalker2641 I don't want the next generation living with the environmental consequences, tho. Look what happened in West virginia and the other communities that lived by those mines, their groundwater is poisonous now. And plus ExxonMobil is a super sketchy company that has many incidents of polluting the enviorment and were people live. I know we need lithium but we can't permanently destroy land too.
Thanks for this. I live 80 miles away from Smackover in Arkansas and did not know about the lithium processes you discussed. The local media may have mentioned it once. There is one tiny problem with your narration. If you live in El Dorado Arkansas, it is pronounced El Do-ray-do. Y'all come down and visit, you'll see what I mean.
Also, CNBC somehow thinks El Dorado will benefit from the boom should it be a success. In reality, Magnolia and Texarkana will benefit. We'll be lucky to get a whiff of it.
I'm a native Arkansan, and a farm owner, long story short I inherited a 600 acre farm, however it's in the NE part of the state. When we were going through probate on the estates we started receiving almost harrasing emails, letters, phone calls from a company called Edna Farms wanting to buy the land at a fraction of what's it's worth. Turns out that Enda is a farmland procurement company owned by the Gate's, we said no obviously, but it took talking to separate attorneys to get it all to stop. I can't even imagine what's about to happen with farm owners down there.
The fact that this region has very limited environmental concerns since they have been extracting this brine for 60 years makes Standard Lithium a primary source of lithium. In addition, the Arkansas Oil and Gas Commission has delayed its meeting next week to determine a royalty payment amount to pay land and mineral right owners for lithium. This is critical for the advancement of these projects, as they can't sell without the royalty amount set.
I grew up in Magnolia. There is another component in addition to the physical infrastructure surrounding the brine processing - a longstanding set of existing mineral rights leases. Magnolia has an interesting and varied economic history, as related to me by a longtime stalwart of the community - Archie Monroe - shortly before his death at age 105. There was a time when cotton was king and the regional cotton gin was in Magnolia, but then the locus of cotton production shifted to Texas. In the 1920's, oil was discovered in nearby Smackover, leading to an oil boom that lasted through WWII and beyond. When the oil tapered off, bromine from brine took over, especially during the era of leaded gasoline, where bromine was used for the anti-knock additive ethylene dibromide. The area is covered by pine forests, so lumber production has been a significant part of the economy for a long time. South Arkansas University, situated in Magnolia, also contributes to the economic base.
This is so AWESOME!! Using existing infrastructure to make our own lithium, how amazing is that?!!! No dependence on China or Australia, just good American jobs and American Lithium. AMAZING!!!
As a Zimbabwean who has heard wat workers on the ground at the dam say,.....it has little to do with water levels but there is only one functional turbine that is barely serviced half the time, drought if a factor yes but mismanagement is the real story.
Sodium will exceed Lithium long term, once EV super charging becomes ubiquitous and thus battery energy density becomes less important. Basically a fast charging EV with a range of 200 miles+ will be more than adequate for most EV owners by then. More important is safety, fast charging and all weather battery performance.
Perhaps. Fast charging may also become less of a necessity when there's ubiquitous home or near-home charging. But hard to say at this point. Regardless, lithium will likely still remain very important in lots of applications
No sodium is best suited for grid scale batteries. Aluminum graphene batteries have the potential to become EV battery. Their charging rate is 60C. It has an energy density of 300 Wh/kg. And a theoretical energy density of 900 Wh/kg. Lithium ion batteries have a maximum theoretical energy density of only 400 Wh/kg
They didn’t even mention the company that is already doing DLE in the United States. International Battery Metals (IBAT) has a mobile and modular DLE facility set up with US Magnesium in Utah that went live this summer and is producing domestic US lithium right now. The founder of IBAT, Dr. John Burba, is one of the chemists who created DLE 30+ years ago. He set up the FMC plant in South America in the 90’s. IBAT is his newest generation of DLE technology.
Are they more advanced than Standard Lithium, Ltd. as they have been running their demonstration plant 24 hrs/day for over two years, and have installed a commercial sized extraction column in El Dorado, Arkansas?
@@thade8534 They are more advanced, yes. It is a patented modular and mobile system that is fully commercial, not just a demonstration plant with some commercial parts. It has already been shipped from Louisiana to Utah, assembled, and begun operations within a matter of months producing 99.9% lithium carbonate. It can be moved and used again in another location as needed, not tied to a single location or resource.
@@8azk3ibsi What I read on their website is the unit has been shut down due to price of lithium. I question whether they have really advanced their process as much as Standard Lithium, or if it is still in the early testing phase. Thanks for your reply.
@@thade8534 It wasn't as clear as it should have been in their press release, but the issue was on the US Mag side, not the IBAT side. US Mag has to convert their magnesium waste piles into a brine that can be processed with DLE, and their costs for that pre-IBAT step were too high in light of the low lithium prices currently. The IBAT DLE system worked as intended and on a resource with lower front end costs it should still be financially viable even with the low current lithium prices. The entire market is swingin with lithium prices now though.
This is what needs to happen across the United States, the legacy mine, coal, and oil workers, need training and money to pursue green energy projects!
Largest geothermal construction company is Schumberger. Major oil and gas driller. The oil and gas industry in the US has an incredibly effective labor force.
Oil and natural gas aren’t going away. Fracked oil and natural gas make modern life possible, have helped Europe against Russian gas blackmail and have made the US an energy superpower.
I’m pretty sure the US isn’t lacking on lithium resources or rare earth but it’s damn so much more expensive to process rare earth and build batteries in America so they rather just buy it from China
It isn't really about the economics, it is about the environment. Lithium extractions use, and pollutes a lot of water. It is better if the USA allows China to destroy their environment processing the lithium. Chile and Australia both produce lithium, but then ship it to China to process it. And that is what you need, a place that is willing to destroy their environment for a small amount of money, which is why this stuff is only being done in deep red states. Did you notice the names involved? Exxon Mobile and the Koch Brothers...operating in Arkansas... all people willing to poison the people living there.
Now with this amount of lithium , will that cause prices to drop when ev vehicles need new batteries ? Also hybrid vehicles ? Down the road im talking.
@@zhuoningli9751 : As is clearly explained in the video, Australia accounts for about 50% of all lithium extracted -- the cost of labor is not a key component of lithium price.
I think they're using "global supply" to mean "what is exported" instead of "overall world production." The US has way too much lithium production to be producing less than 1% of it worldwide.
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At the end of the day, the price of lithium goes up and down with supply and demand. When the price goes up, its good for Suppliers but bad for Users of lithium such as the battery manufacturers. Of course, just the opposite is true ,causing Suppliers to have less incentive to produce which causes the pendulum to start swinging Back the other way. What makes the situation in Arkansas different is that the Smackover formation, with its pre-existing physical and regulatory infrastructure and business-friendly environment, et al, makes it the lowest cost source of lithium in the US; perhaps, the world. Given this, Suppliers are able to extract lithium Profitably even when world-wide prices for lithium are low. Winners: Suppliers, Producers and Arkansas!
Low cost lithium is AMAZING for the green energy market. Distributed batteries, home batteries, batteries at wind and solar farms. Imagine a grid that is nearly invulnerable to wide spread disruption and surges.
Are lithium batteries similar to the mechanical gasoline engines that can be rebuilt and maintained relatively inexpensively, or are these limited resources of lithium more scarce and less reusable/easy to maintain than oil/gasoline engine alternatives ?
@@kingdomcome1617 what a weirdly worded disingenuous question.... Battery's are nothing like ICE generators. Batteries don't create electricity. Ice Generators do when supplied with fuel. Batteries store energy. Much like gasoline or diesel. Glad to be of service to you.
El Dorado isn't the site of the potential lithium boom. If the lithium boom is as big or bigger than expected, El Dorado will be lucky to get a whiff of it. However, while we don't have gold, we did have black gold here 100 yrs ago aka oil.
SLI is the name of the company that originally discovered it. As of now, its trading at $1.65 a share. That is pretty low from what everyone is expecting it to do, and I beleive should climb a lot higher. You never want to buy in when its high, and right now, its low, so jump on board. Hope you make a buck or two with me.
Back handed compliment, but for once CNBC gave a fair/balance report. I was surprised they mentioned much of the Lithium "mining" process is very toxic for one and a few other items. Too bad they can't do this more often.
Didn't they just put out statistics that EVs aren't selling and that car companies are stepping back to regular cars and trucks because they lost so much money on EVs.
The USGS just released a report that estimated 5 to 19 million tons of lithium reserves within the Smackover Formation in Arkansas. This is striking news.
If this doesnt provide better infrastructure, bring in new businesses, and actually help small in limbo towns in south Arkansas then we don’t need it. Exxon/mobil coming in and leeching all the lithium to just sell it to foreign countries while the state remains in the last 5 states for economic value and growth.
It's not necessarily the price per tonne,the demand and volume will make up for any fluctuations in the market. The domestic supply is huge for America. Even if you don't like ev's,mobile devices like laptops and handheld 's will provide more jobs stateside. ❤
The brine is reinjected back into the aquifer after extracting the minerals. This keeps the aquifer pressure constant therefore volume/pressure is essentially not an issue. It is a key processing requirement. They have been processing bromine in this fashion for 60 years in this region of Arkansas.
Very true, but it's commercially not quite there, yet. The bigger potential in the short run might be grid connected storage. Not sure how soon we will see mass produced EVs with sodium ion. I could see their first use in buses and delivery vehicles, though.
Well it's good to know this resource is available domestically. Our country has to import way too much stuff and with the ppolitical situation, imports of critical minerals may be significantly impacted if nefarious entities were so inclined
"no-one wants a mine in their backyard, Arkansas is different" - yeah because the state government, and especially the Mucinex booger that calls herself Governor, truly do not care about their citizens.
The computer or cell phone you are typing on was made from raw materials that came out of a mine somewhere. :All physical "matter" in our world has come out of the ground at some point.
@@UrbanGuitarLegend I think the point is this type of development is usually to the detriment of people who live in that region from pollution, noise and vast landscape destruction. Many people in Arkansas are opposed to this, with many taking pride in living in the "Natural State" and having relatively untouched areas. Politicians who want these projects usually don't care about high quality of life for citizens, they're eyeing potential donations and political influence. SHS is definitely one of these politicians
@brianstaley6391 Everything in your life came out of the ground. We have the luxury of our opinions while we consume everything out of the ground. We wouldn't be having a conversation on RUclips otherwise. Many folks in the US are delusional and refuse to see the world for what it is. Trapped in the Matrix and will never know any different.
The Smackover formation is a geological formation of limestone known to have oil deposits first discovered in 1922. As a result, the brine from that formation is the only known source of bromine in the US. "Certified third-party analyses of brine drawn from deep test wells penetrating the Smackover Formation within Galvanic Energy’s prospect yielded lithium concentrations ranging from 290 mg/L to 520 mg/L, some of the highest reported values in North American brines. Testing also revealed bromine concentrations of 3,700-6,000 mg/L." "An independent evaluation and technical report authored by APEX Geoscience Ltd. estimates the Galvanic Energy Smackover prospect to have an inferred resource estimate of 4 million tons lithium carbonate equivalent (LCE) and 10 million tons elemental bromine."
They actually started that lithium extraction from the salt seeps on a small scale part many many years ago. I remember reading about it before covid. And these salt seeps are everywhere. Sometimes they just pop up.
you really need to cover what Volt Lithium is doing in Texas It is one of the most amazing players in the LI market. along with SLI and LAC, Volt will be responsible for de-coupling the dependency on China.
I live in magnolia and worked at the plant trying to extract it. And will definitely say they are crooked dirty and release harmful chemicals and let spills happen and act like it itsnt a big deal! They have been promising us lithium growth for over a decade
Got to agree with you. These people will come in tear up the land, take everything of value and leave back to the big cities. Native Arkansans have been taken advantage of for decades.
Lol. You can tell the CNBC reporter isn't an Arkansas local. The Arkansas pronunciation of El Dorado is El Doraydo. Yeah I know that's not right since it's a spanish name, but don't tell anyone from Arkansas that.
@@finchborat El Dorado is relatively out of the way so yeah. Probably not. Use to deliver stuff from Little Rock to El Dorado and it took a while to get down there.
@@haiwin224 Nice El Do is my hometown. Also, should the lithium boom be as big or bigger than expected, El Dorado will be lucky to get a small whiff of the success. Magnolia and Texarkana will be the ones that'll benefit. Also, the long road you referenced is, to a degree, why I hope the Hogs continue to play games at WMS. Ending the LR games would be a massive blow for fans down here.
When a new highly beneficial resource is discovered and the main talking points are how it can make one country better than another and what stock prices are, you know humanity is doomed to greed and conflict instead of progress.
DLE mentioned in this video is supposedly less polluting than other forms of lithium extraction. It's unfortunately still under development. I'm not however there is no mention of lithium refining which is far more polluting.
Go quantumscape! Get the lithium you need! You're on the edge of mass producing that solid state battery! Safer, 30% distance, able to take the cold, 80% charge within 15 min. Using 500kw charging with minimal degradation! The world is waiting! Go Stanford! Soon a star to be born!💪🇺🇸
Let's keep local American people control. Why can't we have affordable American energy in our hands. Free enterprise and competition should keep it affordable until the government screws in up. Lithium batteries for my flash light have doubled in price, just maybe affordable US production will ease that. Unless they do like the pipelines 😢
While the benefits of Lithium-Ion batteries are well known, the increasing dangers from the batteries from overheating during charging, make them a challenging sell in today's market. the consumer needs better, more stable battery solutions with faster charging rates than Lithium-Ion batteries offer. The risk of setting one's home on fire while charging one of these, is driving the markets to find a more suitable battery type not made from Lithium. Another issue with Lithium is the ability to recycle the batteries, which is both time consuming and costly, but must be done to protect our environment from the toxins involved.
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The good old cycle of rare resource being found useful> US lacks this resource > "US hegemony is finished" > Some farmer in the middle of nowhere finds a massive deposit of said resources > repeat.
Wait until they start mining the ocean. We just gained Alaska under water this year.
I trust CNBC to do nothing other than spew misinformation in the service of destroying my civilization.
Electric cars are a fraud and a disaster
And….we’re ok again… before 🌎 and after 🌍.
@@ryanwalters6184yeah well we should all prey they don’t actually do that, one of the most idiotic ideas ever.
Natural resources are found today with satellite imaging...farmers don't "find" anything
The United States finds that they have been geographically blessed yet again
The cycle repeats
ruclips.net/video/YRE2LF2bKxg/видео.htmlsi=ap-3dxo_T7KfPFtt
I wouldn't be surprised if it was known about for decades. They just finally telling the public..
Now get children to start digging stuff up.
its manifest destiny. The US used to be dependent on Saudi Arabia for oil, now the US is the largest exporter of oil in the world.
Exxon-Mobil execs are fn smart... whether we drive EVs or gas powered cars in 20 years... they are still in business no matter what.
thats just capitalism. people with money invest in industries that show growth potential.
Yes, and unlike most green companies, Exxon is profitable
We can't just switch over to EVs with a flip of switch -- this is a marathon, not a 100-m sprint.
Even if EVs slow way the heck down, home and utility scale battery needs will continue to grow.
Nah. They’d still be a top 10 company by market cap if they actually listened to their engineers 30 years ago about funding renewable research.
How much you want to bet that none of this newly found wealth will benefit the people of Arkansas at all? We're practically an extraction economy here, All the wealth goes to the rich executives and all the people are stuck living in extreme poverty as we have the highest poverty in the state
And waves of migration to mine it.
@@dodgechallenger2116 Do you think people run into mining tunnels with pickaxes to mine lithium?
@@tylerphuoc2653 saw some wet backs running into your mom's tunnel
As an El Dorado native, I can safely say El Dorado won't benefit from the lithium boom should it be as big or bigger than expected. Magnolia and Texarkana will benefit, but El Dorado will be lucky to get a whiff of the success.
@@finchborat Then organize... talk to your county seats, city mayors, state governor, and force them to come up with a plan/legal contracts that ensure the people/places that these operations will be affecting (not only while the mining goes on, but long after operations have ceased) are justly I don't want to say compensated, but reimbursed. Or crowd fund for a lawyer who has a vendetta with these kinds of things happening to small communities and fight it. You have more power than you think.
From the graph at 2:00 it doesn't show lithium prices have "fallen" it shows they went back to normal after a panic peak.
No kidding? Duh!
Agreed. Calling it 'fallen' strikes me as poor word choice.
CNBC spreading disinformation? Just another Wednesday for them.
There is no such thing as "normal." The volume of EV/battery production multiplied since 2020; as did the price of battery minerals. In respose to the price hike in 2012-2022, lithium miners made massive (mis)investment in lepodolite lithium, which in turn created downward price pressure today.
The GOP lies have been that there isn't enough lithium in the whole world to go green, and prices would be prohibitive. Peter Zeihan has sounded like a broken record on it. In just a couple years we're seeing record production and low prices. Lithium battery prices are down 90% in 10 years.
This area of Arkansas is really different from the rest of the state. I say that as someone who has lived in the Ozarks, the Delta, and Little Rock, as well as El Dorado. The area boomed in the first half of the 20th century with the oil industry, as well as the chemical processing that developed along side of it. Only couple of small refineries are left in El Dorado and Smackover. Chemical plants and timber became the economic mainstays after the oil boom ended. El Dorado has positioned itself as an arts and entertainment center for the region, while unsuccessfully exploring fracking to bring back the oil industry. Magnolia seemed to be benefiting from the growth of the local university, as it brought in large numbers of students from India to study technology. Nearby Camden has specialized in the defense industry technologies. The communities of southwest Arkansas seem to be in decline, but they have put up a good fight. Lithium may now prove to be the answer that bring economic success of the region.
As a life-long resident of El Dorado, the arts/entertainment plan hasn't really worked out. MAD started off with a bang, but it's long since fizzled out. We don't get the big acts we got in the early going and MAD is on it's 3rd restaurant in 7 yrs. And we're still waiting for Phase 2 to get going (aka get the Rialto fixed up). Cardi B cancelled her act here a few yrs back, Covid forced Snoop Dogg to cancel, and it was announced just today that Ginuwine's performance here has been cancelled with over a week to go.
Should the lithium boom big as big, if not bigger than expected, Magnolia and Texarkana will be the main winners. El Dorado will be lucky to get a small whiff.
And it's not just SW AR. All of South Arkansas is (and has been) in decline. We continue to lose population. We have little to see/do/offer. Of the big 3 in south central AR, Magnolia is the only one with a stable population. El Dorado and Camden are losing people.
No one wants to visit or live in the archaic region
I didn't know about the Indian students at SAU. That's pretty cool.
I would say Camden specializes in defense Technologies. To the best of my knowledge the HIMARS missile system, the truck and the weapon itself is solely made in Camden Arkansas
My mom’s mother’s family was among those to benefit from the oil boom 100 years ago, and now I’m currently exploring my options for the small amount of oil land that my brother and I have recently inherited from her. I was an adult before I realized how rare it was that my grandmother had graduated from college (U of Arkansas) in 1933; the family obviously did much better than most during the Depression. Hopefully we can get a good deal out of this as well.
El Dorado is pronounced differently in Arkansas. It’s El-Doe-Ray-doe.
Yes. Thank you!
Which is just another reason to love Arkansas and the South.
Came to say this.
Arkansas native here - I've heard it said both ways, and never felt the need to correct anyone.
When I moved to El Dorado, I was told to think about the word tornado before saying the name of the town. If you use the same sequence of vowel sounds as in tornado, you will always say the town name correctly
The prices didn't fall, they just went back to normal. Another bubble popped.
You know what happens when you pull out that salt water. The above ground water fills the gap. Draining the drinking water into that aquifer. I’m from that area. It won’t slowly filter down over hundreds of years. It will just be years. There are millions of caves in that area that go extremely deep. Your sacrificing your water Arkansas. Not to mention gaining harmful waste products.
Thats why if they can do direct Lithium extraction, they can put the water back in the ground (according to the video).
the US needs to secure its own mineral resources and stop relying on other countries.
We should secure mines in Africa. This will deny china and ensure US leadership.
The US has its own minerals, they're just cheaper in other countries because of geography, geology, and labour.
No. Trade is good. Learn about comparative advantage. It’s not just pointless, it’s wasteful for the US right now to destroy an entire mountain to dig up a little cobalt when we could get it for muuuuuuch cheaper(in man hours and literal depth/processing costs) from China, Australia, or the Congo. This tho. This is a byproduct of oil and gas exploration. Hope it’s viable, but we shouldn’t egotistically deny ourselves from good trade. What next? Stop importing Canadian lumber for the sake of IS jobs? You can understand how stupid that sounds
@@TheWizardGamez don't try to educate the average Amercian. They have never taken econ 101.
All they care about is "local good paying manufature job"...
ruclips.net/video/YRE2LF2bKxg/видео.htmlsi=ap-3dxo_T7KfPFtt
I’ve recently inherited a share of my mom’s family’s oil land south of Magnolia (along with my brother) and am currently in the process of looking into our options to make the most of this. When I was growing up, in the late 80s-early 90s, she was still receiving monthly royalties of about $200-300/month; these days it’s
Arkansas is the most Underrated state re future, prosperity, and scenic beauty~
I moved here in 2015 and it’s been nothing but good to me. The cost of living, the land, the climate, the people…
Arkansas’ lithium boom has the potential to even weaken China’s „monopoly“ on EV supply chains, creating a more resilient and local source of critical materials not only for the US but for other countries like Germany or France looking to reduce their China exposure
Why should germany and France depends more on the US by reducing its reliance on China. That's the trick the US used for the last 20 years to weaken Europe competitiveness which led to growth and wages not rising as much in Europe than in the US. Europe needs to self-sufficent thus rely less on China and the US especially in the defense sector where US companies have almost a monopoly.
@@Charles-qe7kc Ok, well anyone can make lemons out of lemonade. America needs to break free form China in critical areas that impact national security and the ability to respond to an attack on China's neighbors. If that impacts the EU I could give a damn.
you should look up the effects of mining to understand the cost you're quick to accept
Lithium is only a temporary step towards electrification, by the time you get those mines going China will have moved on to non lithium batteries.
@@smartwatchonplutothis is more like a well (a hole in the ground) than an open pit mine. Drilling Technology already exists, Exxon has the expertise, it has been happening for 60 years in Arkansas already but they’ve been ignoring the lithium and reinjecting it into the ground.
The first 16 years of my life were spent in Columbia County AR of which Magnolia is the county seat. When I hear of Exxon-Mobile purchasing 120,000 acres of land, I scratched my head. Did they actually purchase this land or did they lease the subsurface mineral rights on 120,000 acres? If purchased, this 120,000 acres would be slightly less than 25% of the county's land area.
Your right. Looks like they bought drilling rights from the papers I'm reading, though it looks like 100 thousand acres of land are actually owned by a local corporation that is leasing the land to ExxonMobil.
They leased the land
99% chance they bought mineral rights or right of way for their pipes. I doubt that Exxon cares for the cattle and forest resources of the state to buy that much land
I’d rather them by land in the US then by recourses from another country
@ganjahiwalker2641 I don't want the next generation living with the environmental consequences, tho. Look what happened in West virginia and the other communities that lived by those mines, their groundwater is poisonous now. And plus ExxonMobil is a super sketchy company that has many incidents of polluting the enviorment and were people live. I know we need lithium but we can't permanently destroy land too.
Note to reporters. Make sure you can pronounce the name of the towns correctly
racist
@@pondeify It isn't racist to make sure El Dorado, AR is pronounced correctly, which btw is pronounced El Dur-ray-doe.
Thanks for this. I live 80 miles away from Smackover in Arkansas and did not know about the lithium processes you discussed. The local media may have mentioned it once. There is one tiny problem with your narration. If you live in El Dorado Arkansas, it is pronounced El Do-ray-do. Y'all come down and visit, you'll see what I mean.
Also, CNBC somehow thinks El Dorado will benefit from the boom should it be a success. In reality, Magnolia and Texarkana will benefit. We'll be lucky to get a whiff of it.
The saying that helped me (a westerner) learn it was: El Dorado. Rhymes with tornado.
@@stevhard 🙂
I'm a native Arkansan, and a farm owner, long story short I inherited a 600 acre farm, however it's in the NE part of the state. When we were going through probate on the estates we started receiving almost harrasing emails, letters, phone calls from a company called Edna Farms wanting to buy the land at a fraction of what's it's worth. Turns out that Enda is a farmland procurement company owned by the Gate's, we said no obviously, but it took talking to separate attorneys to get it all to stop. I can't even imagine what's about to happen with farm owners down there.
My family has a total of about 2,000 acres around Jonesboro, I understand the pain
@@Porkchop65210 yea I'm a little south of there.
This is where you need those chemistry classes.
😂 тоже подумал об этом
The fact that this region has very limited environmental concerns since they have been extracting this brine for 60 years makes Standard Lithium a primary source of lithium. In addition, the Arkansas Oil and Gas Commission has delayed its meeting next week to determine a royalty payment amount to pay land and mineral right owners for lithium. This is critical for the advancement of these projects, as they can't sell without the royalty amount set.
I grew up in Magnolia. There is another component in addition to the physical infrastructure surrounding the brine processing - a longstanding set of existing mineral rights leases. Magnolia has an interesting and varied economic history, as related to me by a longtime stalwart of the community - Archie Monroe - shortly before his death at age 105. There was a time when cotton was king and the regional cotton gin was in Magnolia, but then the locus of cotton production shifted to Texas. In the 1920's, oil was discovered in nearby Smackover, leading to an oil boom that lasted through WWII and beyond. When the oil tapered off, bromine from brine took over, especially during the era of leaded gasoline, where bromine was used for the anti-knock additive ethylene dibromide. The area is covered by pine forests, so lumber production has been a significant part of the economy for a long time. South Arkansas University, situated in Magnolia, also contributes to the economic base.
El Doe-Ray-Doe
Unless your from south Arkansas (Smackover here) no one pronounces el dorado the way we do.
El duhraydough
@@aldogg187 that works too but I didn't want to use the Wiki
@@dallasstoneyfulI’ve met people from Little Rock that don’t know how to pronounce it. lol
@@dallasstoneyful Kinda like NevAda county. 😄
Fun fact: lithium hydroxide has a spicy taste
Who the hell tested or "tasted" that?
@@amarsinghhembram4379Who hasn't
@@amarsinghhembram4379 my coworker did at tesla. He said it taste like soap, but much much stronger
@@danielmadera1144 ...
@@amarsinghhembram4379 I do
I can't wait until we start mining for dilithium crystals... warp 9 here we come !!!!
This is so AWESOME!! Using existing infrastructure to make our own lithium, how amazing is that?!!! No dependence on China or Australia, just good American jobs and American Lithium. AMAZING!!!
As a Zimbabwean who has heard wat workers on the ground at the dam say,.....it has little to do with water levels but there is only one functional turbine that is barely serviced half the time, drought if a factor yes but mismanagement is the real story.
Sodium will exceed Lithium long term, once EV super charging becomes ubiquitous and thus battery energy density becomes less important. Basically a fast charging EV with a range of 200 miles+ will be more than adequate for most EV owners by then. More important is safety, fast charging and all weather battery performance.
Perhaps. Fast charging may also become less of a necessity when there's ubiquitous home or near-home charging. But hard to say at this point. Regardless, lithium will likely still remain very important in lots of applications
No sodium is best suited for grid scale batteries.
Aluminum graphene batteries have the potential to become EV battery. Their charging rate is 60C. It has an energy density of 300 Wh/kg. And a theoretical energy density of 900 Wh/kg. Lithium ion batteries have a maximum theoretical energy density of only 400 Wh/kg
They didn’t even mention the company that is already doing DLE in the United States. International Battery Metals (IBAT) has a mobile and modular DLE facility set up with US Magnesium in Utah that went live this summer and is producing domestic US lithium right now. The founder of IBAT, Dr. John Burba, is one of the chemists who created DLE 30+ years ago. He set up the FMC plant in South America in the 90’s. IBAT is his newest generation of DLE technology.
I heard they are making about 2kg per week now. ;-)
Are they more advanced than Standard Lithium, Ltd. as they have been running their demonstration plant 24 hrs/day for over two years, and have installed a commercial sized extraction column in El Dorado, Arkansas?
@@thade8534 They are more advanced, yes. It is a patented modular and mobile system that is fully commercial, not just a demonstration plant with some commercial parts. It has already been shipped from Louisiana to Utah, assembled, and begun operations within a matter of months producing 99.9% lithium carbonate. It can be moved and used again in another location as needed, not tied to a single location or resource.
@@8azk3ibsi
What I read on their website is the unit has been shut down due to price of lithium. I question whether they have really advanced their process as much as Standard Lithium, or if it is still in the early testing phase.
Thanks for your reply.
@@thade8534 It wasn't as clear as it should have been in their press release, but the issue was on the US Mag side, not the IBAT side. US Mag has to convert their magnesium waste piles into a brine that can be processed with DLE, and their costs for that pre-IBAT step were too high in light of the low lithium prices currently. The IBAT DLE system worked as intended and on a resource with lower front end costs it should still be financially viable even with the low current lithium prices. The entire market is swingin with lithium prices now though.
This is what needs to happen across the United States, the legacy mine, coal, and oil workers, need training and money to pursue green energy projects!
Lots of oil and gas workers now in the space industry too!
Largest geothermal construction company is Schumberger. Major oil and gas driller. The oil and gas industry in the US has an incredibly effective labor force.
@@cmdr1911Schlumberger is a well services company, they log wells, not drill them.
Oil and natural gas aren’t going away. Fracked oil and natural gas make modern life possible, have helped Europe against Russian gas blackmail and have made the US an energy superpower.
Yet they vote against the political party that wants to do just that. That’s whats soo frustrating
I’m pretty sure the US isn’t lacking on lithium resources or rare earth but it’s damn so much more expensive to process rare earth and build batteries in America so they rather just buy it from China
Tarrrifs and subsidies will help with that issue. Lithium is essential for the National Defense
It isn't really about the economics, it is about the environment. Lithium extractions use, and pollutes a lot of water. It is better if the USA allows China to destroy their environment processing the lithium. Chile and Australia both produce lithium, but then ship it to China to process it. And that is what you need, a place that is willing to destroy their environment for a small amount of money, which is why this stuff is only being done in deep red states. Did you notice the names involved? Exxon Mobile and the Koch Brothers...operating in Arkansas... all people willing to poison the people living there.
@@svenrio8521 thats what Albemarle wants you to believe
Worker safety and environment protection raise the prices.
Add "fee trade" and That's what killed the Midwest industry.
Now with this amount of lithium , will that cause prices to drop when ev vehicles need new batteries ? Also hybrid vehicles ? Down the road im talking.
Yes!
No. Labor is so expensive in US to make the battery.
There's always a lag from materials to end product.
@@zhuoningli9751 how is Tesla able to do it profitably then?
@@zhuoningli9751 : As is clearly explained in the video, Australia accounts for about 50% of all lithium extracted -- the cost of labor is not a key component of lithium price.
I think they're using "global supply" to mean "what is exported" instead of "overall world production." The US has way too much lithium production to be producing less than 1% of it worldwide.
Seemingly endless possibilities for lithium in the US and around the world.
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I hope its scalable. That could be a great American source, for American manufacturing and/or Domestic use.
At the end of the day, the price of lithium goes up and down with supply and demand. When the price goes up, its good for Suppliers but bad for Users of lithium such as the battery manufacturers. Of course, just the opposite is true ,causing Suppliers to have less incentive to produce which causes the pendulum to start swinging Back the other way. What makes the situation in Arkansas different is that the Smackover formation, with its pre-existing physical and regulatory infrastructure and business-friendly environment, et al, makes it the lowest cost source of lithium in the US; perhaps, the world. Given this, Suppliers are able to extract lithium Profitably even when world-wide prices for lithium are low. Winners: Suppliers, Producers and Arkansas!
My goodness finally a positive story about lithium and battery applications from CNBC.
All smoke and mirrors.
Arkansas should sit on it till they drive the prices back up, that's exactly what any other state or country would do.
Low cost lithium is AMAZING for the green energy market.
Distributed batteries, home batteries, batteries at wind and solar farms.
Imagine a grid that is nearly invulnerable to wide spread disruption and surges.
Are lithium batteries similar to the mechanical gasoline engines that can be rebuilt and maintained relatively inexpensively, or are these limited resources of lithium more scarce and less reusable/easy to maintain than oil/gasoline engine alternatives ?
@@kingdomcome1617 what a weirdly worded disingenuous question....
Battery's are nothing like ICE generators.
Batteries don't create electricity.
Ice Generators do when supplied with fuel.
Batteries store energy. Much like gasoline or diesel.
Glad to be of service to you.
Yes but you need a high cost in order to motivate investors to fund this project
What is the enviromental impact of this type of mining?
People of Arkansas please do the work, bare any 2nd hand environmental costs, and accept low wages. I as a stock owner look forward to the dividends
I don't think I will.
If you're reading this, people of Arkansas, FORM UNIONS. Demand a bigger slice of the pie. Or better yet, the whole pie and shareholders be damned.
@@Porkchop65210 naughty
Don't worry they'll just import a bunch of immigrants from very poor countries who will accept the very low wages.
So the lithium boom town in Arkansas is named El Dorado? wow! is that a coincidence
They actually mispronounced it a few times. It’s said like “El Doredo”
El Dorado is actually the original oil boom town for Arkansas (1920s).
El Dorado isn't the site of the potential lithium boom. If the lithium boom is as big or bigger than expected, El Dorado will be lucky to get a whiff of it.
However, while we don't have gold, we did have black gold here 100 yrs ago aka oil.
I know nothing about trading but after watching this vedio , i really want to try it and learn about it
Trading stocks?
SLI is the name of the company that originally discovered it. As of now, its trading at $1.65 a share. That is pretty low from what everyone is expecting it to do, and I beleive should climb a lot higher. You never want to buy in when its high, and right now, its low, so jump on board. Hope you make a buck or two with me.
Back handed compliment, but for once CNBC gave a fair/balance report. I was surprised they mentioned much of the Lithium "mining" process is very toxic for one and a few other items. Too bad they can't do this more often.
Didn't they just put out statistics that EVs aren't selling and that car companies are stepping back to regular cars and trucks because they lost so much money on EVs.
It's true, but don't tell that to EV supporters. They somehow think EVs are selling like hot cakes.
Very based hope to see this industry grow
Needs more apps for lithum, instead of just car batteries. Energy would be nice.
The USGS just released a report that estimated 5 to 19 million tons of lithium reserves within the Smackover Formation in Arkansas. This is striking news.
If this doesnt provide better infrastructure, bring in new businesses, and actually help small in limbo towns in south Arkansas then we don’t need it. Exxon/mobil coming in and leeching all the lithium to just sell it to foreign countries while the state remains in the last 5 states for economic value and growth.
It's not necessarily the price per tonne,the demand and volume will make up for any fluctuations in the market. The domestic supply is huge for America. Even if you don't like ev's,mobile devices like laptops and handheld 's will provide more jobs stateside. ❤
What’s replacing the volume in the aquifer when the brine is extracted?
Dude stfu, don’t u know ur not supposed to ask questions like that
The brine is reinjected back into the aquifer after extracting the minerals. This keeps the aquifer pressure constant therefore volume/pressure is essentially not an issue. It is a key processing requirement. They have been processing bromine in this fashion for 60 years in this region of Arkansas.
@@thade8534 Interesting… thanks! ☺️
Oh great now they are going to poison the pristine part of southern Arkansas.
green tech 🤑
The key is to not use lithium.
The new sodium ion batteries are out, don't require a ton of mining and last many more cycles with a longer lifespan.
Very true, but it's commercially not quite there, yet. The bigger potential in the short run might be grid connected storage. Not sure how soon we will see mass produced EVs with sodium ion. I could see their first use in buses and delivery vehicles, though.
Спасибо 🙏
Well it's good to know this resource is available domestically. Our country has to import way too much stuff and with the ppolitical situation, imports of critical minerals may be significantly impacted if nefarious entities were so inclined
Never in my life did I think I’d ever hear my town’s name mentioned on CNBC 😂
Magnolia or El Do?
Us Arkansas get so excited when we hear anything good about us.
My goodness! USA has a second leg of greatness boiling up! I’m so shocked 🤣🦅🇺🇸
All Eyes on lithium 👀
"no-one wants a mine in their backyard, Arkansas is different" - yeah because the state government, and especially the Mucinex booger that calls herself Governor, truly do not care about their citizens.
The computer or cell phone you are typing on was made from raw materials that came out of a mine somewhere. :All physical "matter" in our world has come out of the ground at some point.
The lithium comes from the brine that is extracted by drilling underground, just like oil. It isn't mined.
@@UrbanGuitarLegend I think the point is this type of development is usually to the detriment of people who live in that region from pollution, noise and vast landscape destruction. Many people in Arkansas are opposed to this, with many taking pride in living in the "Natural State" and having relatively untouched areas. Politicians who want these projects usually don't care about high quality of life for citizens, they're eyeing potential donations and political influence. SHS is definitely one of these politicians
@brianstaley6391 Everything in your life came out of the ground. We have the luxury of our opinions while we consume everything out of the ground. We wouldn't be having a conversation on RUclips otherwise. Many folks in the US are delusional and refuse to see the world for what it is. Trapped in the Matrix and will never know any different.
I agree and will this harm our water?
Lithium is not rare in many countries, but refinery is very costly and only China can make it cost effectively, just like rare earths.
That’s because they don’t care about pollution both in mining as well as refining
As an Arkansas resident, im for it honestly it'll help bring a crap ton of businesses and etc and potentially a bigger population
It'll help Magnolia and Texarkana grow and bring Buckner, Stamps, and Lewisville to relevancy should the boom be successful.
@@finchborat agreed
Probably raise housing cost and add more traffic.
@@nofindausername Though in the case of the latter, that's a good sign. Traffic is never fun, but it means you have a growing population.
@@finchborat Maybe even McNeil and Waldo☺
Ironic that this would pop up in Arkansas of all states...
The Smackover formation is a geological formation of limestone known to have oil deposits first discovered in 1922. As a result, the brine from that formation is the only known source of bromine in the US. "Certified third-party analyses of brine drawn from deep test wells penetrating the Smackover Formation within Galvanic Energy’s prospect yielded lithium concentrations ranging from 290 mg/L to 520 mg/L, some of the highest reported values in North American brines. Testing also revealed bromine concentrations of 3,700-6,000 mg/L."
"An independent evaluation and technical report authored by APEX Geoscience Ltd. estimates the Galvanic Energy Smackover prospect to have an inferred resource estimate of 4 million tons lithium carbonate equivalent (LCE) and 10 million tons elemental bromine."
They actually started that lithium extraction from the salt seeps on a small scale part many many years ago. I remember reading about it before covid. And these salt seeps are everywhere. Sometimes they just pop up.
Hopefully this happens, South Arkansas could use a boost in economy
you really need to cover what Volt Lithium is doing in Texas
It is one of the most amazing players in the LI market. along with SLI and LAC, Volt will be responsible for de-coupling the dependency on China.
So they packed up their bags and moved to Berverly........Hills that is.
I live in magnolia and worked at the plant trying to extract it. And will definitely say they are crooked dirty and release harmful chemicals and let spills happen and act like it itsnt a big deal! They have been promising us lithium growth for over a decade
No social media without Lithium? Time to get rid of Lithium
By applying your ideas, I have increased my income several times!
Sodium ion, lower discharge rate for now. But, as the technology gets better. Think about recycling the batteries as well
Sodium ion is the future. Domestic lithium is necessary for national security but not necessary for EV production.
We must switch to sodium solid state battery. It is much cheaper and better for both hot and cold climate.
How about recycling lithium? It can be done
That would create another industry
Great video, and LOTS of good comments here!
Arkansas is the only State that is self sufficient, Water , oil , Diamonds , Lithium, gas , agriculture ect
Don't forget timber
Any one know what stock of lithium to invest in!?? Best one ?
What is done with the salt water after the lithum is extracted
I completely agree with the guy that has the lesbian haircut
He’s got his facts aligned 👍🏿
Governor Sanders should be absolutely embarrassed and ashamed for allowing her state to be destroyed
Got to agree with you. These people will come in tear up the land, take everything of value and leave back to the big cities. Native Arkansans have been taken advantage of for decades.
More pollution for Arkansas, more profits for the 1% Great work Huck.
I knew Tom was doin something great over there, quietly. I just knew it.
Lol. You can tell the CNBC reporter isn't an Arkansas local. The Arkansas pronunciation of El Dorado is El Doraydo. Yeah I know that's not right since it's a spanish name, but don't tell anyone from Arkansas that.
And the reporter probably didn't set foot in El Dorado.
@@finchborat El Dorado is relatively out of the way so yeah. Probably not. Use to deliver stuff from Little Rock to El Dorado and it took a while to get down there.
@@haiwin224 Nice
El Do is my hometown. Also, should the lithium boom be as big or bigger than expected, El Dorado will be lucky to get a small whiff of the success. Magnolia and Texarkana will be the ones that'll benefit.
Also, the long road you referenced is, to a degree, why I hope the Hogs continue to play games at WMS. Ending the LR games would be a massive blow for fans down here.
Eldor-A-do. (Long A) do the research. Eldorado is in Texas.
We have an Eldorado in wisconsin too. 😊
Another excellent production by CNBC.
When a new highly beneficial resource is discovered and the main talking points are how it can make one country better than another and what stock prices are, you know humanity is doomed to greed and conflict instead of progress.
unless we change out the narrators
She keeps saying el dorado wrong it’s really bugging me this ain’t no Disney movie woman
You should Google lithium mining aftermath
You should Google misguided EV mandates.
I say let's have this discussion over facetime in our running cars with the garage door closed.
DLE mentioned in this video is supposedly less polluting than other forms of lithium extraction. It's unfortunately still under development. I'm not however there is no mention of lithium refining which is far more polluting.
@@tooltalk So there is literally no where to turn. No matter what we do we are doomed?
@@msromike123I think we just need to accept that there is no such thing as clean clean-energy.
Gee, why would Exxon want to control the Lithium Market???
😮😮
What becomes of the many tons of lithium in used batteries? Is it recoverable? If not, does it end up in landfills?
I thought battery chemistry is mowing away from lithium?
battery chemistry relies on metal. any metal will do. lithium is the lightest metal, that's all.
arkansa needs to make sure that some of this money actually stays in the state
I doubt that would happen with suckabee sanders buying another $20,000 lectern.
Well yeah, if they remain _too_ business friendly, then they won't have a sovereign wealth fund to speak of like Alaska has
@@Godstricep_2.0 Come back with an actual scandal.
Go quantumscape! Get the lithium you need! You're on the edge of mass producing that solid state battery! Safer, 30% distance, able to take the cold, 80% charge within 15 min. Using 500kw charging with minimal degradation! The world is waiting! Go Stanford! Soon a star to be born!💪🇺🇸
Can Arkansas be competitive in price with the Chinese lithium batteries.
At what price? How much water will this process take? Who owns and benefits from this? What is the environmental impact? Is this a mass safety hazard?
There is no guarantee that lithium is the ultimate battery material. In fact, it is likely not.
The lithium in lithium ion batteries is like salt on your salad.
Elon Musk
Are these plants running on solar or electricity?
Let's keep local American people control. Why can't we have affordable American energy in our hands. Free enterprise and competition should keep it affordable until the government screws in up. Lithium batteries for my flash light have doubled in price, just maybe affordable US production will ease that. Unless they do like the pipelines 😢
I LIVE HERE!!
Sorry😮💨
@@JulezWinnfieldget ready for prices to increase
Magnolia or El Dorado?
I'm in El Do btw.
Zimbabwe has mountains of this
While the benefits of Lithium-Ion batteries are well known, the increasing dangers from the batteries from overheating during charging, make them a challenging sell in today's market. the consumer needs better, more stable battery solutions with faster charging rates than Lithium-Ion batteries offer. The risk of setting one's home on fire while charging one of these, is driving the markets to find a more suitable battery type not made from Lithium. Another issue with Lithium is the ability to recycle the batteries, which is both time consuming and costly, but must be done to protect our environment from the toxins involved.
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