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Unassuming Arkansas town is about to become epicenter of US's lithium boom: Magnolia - a blue-collar town where 25% of its 11k population are unemployed - is sitting on a multi-billion-dollar gold mine of precious metal... and oil companies are circling
UK Daily Mail ^ | 07/21/2023 | STACY LIBERATORE

Posted on 07/21/2023 9:33:39 AM PDT by DFG

A small, quiet Arkansas town home to just 11,100 people is set to become the epicenter of the US 'white gold' boom.

Magnolia, a blue-collar town in the state's southern region, was once a locus for oil but is on track to become a major producer of lithium, dubbed 'white gold' because of its soft, silvery-white look and the fact it powers most modern tech - from cellphones to laptops and electric cars.

Exxon Mobil is planning to build one of the world’s largest lithium processing facilities near the town, with a capacity to produce 75,000 to 100,000 metric tons of lithium a year, sources say, which would be 15 percent of the world's lithium production.

A small, quiet Arkansas town home to just 11,100 people is set to become the epicenter of the US 'white gold' boom.

Magnolia, a blue-collar town in the state's southern region, was once a locus for oil but is on track to become a major producer of lithium, dubbed 'white gold' because of its soft, silvery-white look and the fact it powers most modern tech - from cellphones to laptops and electric cars.

Exxon Mobil is planning to build one of the world’s largest lithium processing facilities near the town, with a capacity to produce 75,000 to 100,000 metric tons of lithium a year, sources say, which would be 15 percent of the world's lithium production.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Front Page News; US: Arkansas
KEYWORDS: arkansas; batteries; ccp; china; columbiacounty; evs; exxonmobil; lithium; louisiana; magnolia; minerals; mining; rareearthmetals; saltonsea; tetra
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1 posted on 07/21/2023 9:33:39 AM PDT by DFG
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To: DFG

This will end horribly.


2 posted on 07/21/2023 9:36:03 AM PDT by blackdog ((Z28.310) My dog Sam eats purple flowers.)
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To: DFG

Where’s all the fake Libtard environmentalists?!

(Hanging out with the fake libtard peace activists)


3 posted on 07/21/2023 9:36:33 AM PDT by NWFree (Sigma male 🤪)
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To: DFG

THAT can be taken from the ground. Energy producing resources, not so much.


4 posted on 07/21/2023 9:36:33 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉)
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To: blackdog

“This will end horribly.”

How?


5 posted on 07/21/2023 9:39:05 AM PDT by TexasGator
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To: DFG

Some enviro-nazi organization will upend the program in three, two, one.....

Bet on it. Until those clowns fear for their lives.


6 posted on 07/21/2023 9:39:52 AM PDT by Da Coyote
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To: DFG

A lot of Deja vu in your excerpt.


7 posted on 07/21/2023 9:42:37 AM PDT by Deaf Smith (When a Texan takes his chances, chances will be taken that's for sure.)
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To: DFG

That small town’s “normal life” is about to change radically...


8 posted on 07/21/2023 9:51:40 AM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: Carriage Hill

All that money makes such a succulent sound, welcome to the Boom Town.


9 posted on 07/21/2023 9:52:22 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: DFG

The same morons that consider past strip mining one of the unforgivable environmental sins of the greedy white man will cheer this on no doubt.


10 posted on 07/21/2023 9:52:34 AM PDT by FLNittany (Autotune is jealous of Karen Carpenter)
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To: NWFree

The eco-greens seem to tolerate environmental impact better when it is far far away.

Maybe if this part of Arkansas is not scenic, and the people are poor or black or uneducated enough, it won’t matter to much.

See renewable wood pellet farming in North Carolina. Germany gets to pat itself on the back, and poor Tarheels get forests wrenched out to bare dirt, grinders, noise, trucks, and very few jobs.

Also happening to forests in Romania and Poland but Germany is getting renewable green energy.


11 posted on 07/21/2023 9:53:27 AM PDT by heartwood (Someone has to play devil's advocate.)
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To: FLNittany

Not strip mining


12 posted on 07/21/2023 9:54:14 AM PDT by TexasGator
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To: TexasGator
The taxpayer is backing the costs. The feasibility of electric vehicles are coming to an ugly epiphany of impracticality. Industrial vehicles like forklifts, genie booms, and mobile equipment, will always be lead-acid batteries.

Regulatory and environmental measures will be ignored. Toxic ponds of reaction catalysts will be everywhere.

They might as well rename the town as "Valdez"

I would like to hear what Elon Musk has to say about it? You know, apolitical rocket engineers that know processes back to front and front to back.

13 posted on 07/21/2023 9:54:22 AM PDT by blackdog ((Z28.310) My dog Sam eats purple flowers.)
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To: DFG
No worries!

China already BRIBED BIDEN to prohibit this type of mining in America.

14 posted on 07/21/2023 9:57:50 AM PDT by G Larry (It is RACIST to impose SLAVE WAGES on LEGAL Immigrants by importing Cheap ILLEGAL Labor!)
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To: blackdog

“Industrial vehicles like forklifts, genie booms, and mobile equipment, will always be lead-acid batteries.”


Performance Winner: Lithium-Ion
Lead-acid has been the traditional power source for forklifts and is still a reliable choice. But if you want better performance, go with lithium-ion batteries.

https://www.greenpowerforkliftbatteries.com/off-grid-battery/are-lithium-batteries-better-than-lead-acid-for-forklifts/


15 posted on 07/21/2023 10:00:51 AM PDT by TexasGator
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To: blackdog

LITHIUM
GOLF CART
COLLECTION

(11 year warranty)

https://dakotalithium.com/?msclkid=98e057a701a71b6801ba331db97dc374


16 posted on 07/21/2023 10:02:57 AM PDT by TexasGator
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To: DFG

There are several mines in NM that are filled with Lepidolite, which is an ore. I have seen them personally.


17 posted on 07/21/2023 10:04:08 AM PDT by silent majority rising
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To: DFG

Well the first thing you know ol’ Jed’s a millionaire


18 posted on 07/21/2023 10:05:51 AM PDT by Nomad577
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To: DFG

EnvironMENTALists suing in 3 . . . 2 . . . 1 . . .


19 posted on 07/21/2023 10:06:02 AM PDT by Tolerance Sucks Rocks (FBI out of Florida!)
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To: blackdog

“Industrial vehicles like forklifts, genie booms, and mobile equipment, will always be lead-acid batteries.”

Genie E-Drive with ONLY lithium ion batteries

——Lead-acid not available-—————

https://www.genielift.com/en/aerial-lifts/Slab-scissor-lifts/gs3232


20 posted on 07/21/2023 10:09:28 AM PDT by TexasGator
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