Iran Discovers Massive Lithium Deposit In Its Hamedan Province

The Iranian Ministry of Industry, Mine and Trade announced that a deposit of about 8.5 million metric tons of lithium ore was discovered in the western province of Hamedan.

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This development might bring a major boost for Iran's economy as it has suffered under US sanctions and embargoes for some years now.

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Lithium's use today has extensively grown, making it essential for most electronics, maily batteries.

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As per the US Geological Survey, the largest identified lithium resources in world (not counting Iran) are in Bolivia, Argentina, Chile, Australia, and China.

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Even promising alternatives to the lithium-ion batteries incorporate lithium due to its low weight as and superior electrochemical potential.

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Currently, all EVs use lithium in their battery packs and demand set to rise exponentially over the coming decades.

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The discovery of lithium ore will open new avenues for Iran's economy.

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But, it will require about four years to tap into the lithium mines discovered in Hamedan for operational use.

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More work and time will be required to establish the commercial usability of the reserves, especially in the face of the economic embargoes Iran faces.

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