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Staggering $1.5 billion lithium deposit discovered near Newry; excavating it poses a challenge
The Maine Monitor ^

Posted on 10/24/2021 2:32:56 PM PDT by ameribbean expat

NEWRY — The richest known hard rock lithium deposit in the world lies a few miles northeast of the ski slopes of Sunday River and not far from Step Falls, where swimmers can wade in shallow pools formed by hundreds of feet of cascading granite ledge.

Smaller deposits have been known in Maine for decades, but this recent discovery, just north of Plumbago Mountain in Newry, is the first to have a major resource potential.

(Excerpt) Read more at themainemonitor.org ...


TOPICS: Business/Economy; US: Maine
KEYWORDS: batteries; ccp; chat; china; elonmusk; ev; globalwarminghoax; greennewdeal; lithium; localnews; maine; meth; mining; newry; plumbagomountain; rareearths; saltonsea; shakeandbake; stepfalls; sundayriver; tesla
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To: ifinnegan

Lithium ore is worth only ~ $135 a ton?

$28.557 kg as of 10/24


21 posted on 10/24/2021 3:04:06 PM PDT by PIF (They came for me and mine ... now its your turn)
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To: ameribbean expat

The Democrats can’t allow their Chinese Communist Party Buddies to lose money


22 posted on 10/24/2021 3:04:11 PM PDT by butlerweave
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To: The Duke

If “$1.5 billion” is “staggering”, then what is $3.5 trillion?


Free


23 posted on 10/24/2021 3:05:18 PM PDT by PIF (They came for me and mine ... now its your turn)
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To: DannyTN

A little quick research shows that rare earth elements are not rare at all. They are abundant everywhere. While China presently is the producer of 97% of the worlds rare earth elements, it would be trivial for any other country to ramp up their production.


24 posted on 10/24/2021 3:06:02 PM PDT by Lazamataz (I feel like it is 1937 Germany, and my last name is Feinberg.)
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To: DannyTN

A different list puts China 6th, behind all the countries mentioned in your link, but with Bolivia as No.1, which I had always understood, and the US No. 5.

https://www.nsenergybusiness.com/features/six-largest-lithium-reserves-world/


25 posted on 10/24/2021 3:06:33 PM PDT by Flash Bazbeaux
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To: wally_bert
Yes this will provide endless entertainment as the same people pushing electric cars, are the same eco wacos who will try to stop this. Im sure they would prefer us to get all our batteries from china.
26 posted on 10/24/2021 3:08:02 PM PDT by pjoseph
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To: ameribbean expat

I see an endangered snail or other such creature in their future.


27 posted on 10/24/2021 3:08:12 PM PDT by shotgun
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To: Tired; Retired; PIF

Thanks.

Why is the number of $1.5B for 11M tons of ore so different?


28 posted on 10/24/2021 3:09:46 PM PDT by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: DannyTN

Once China gets their grubby mitts on Afghani lithium ore deposits, that will change.


29 posted on 10/24/2021 3:10:20 PM PDT by dirtboy
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To: ameribbean expat

Nope,
Some lawyer will find some native tribe burial ground or some endangered slug. Fifty years of lawsuits will follow.


30 posted on 10/24/2021 3:11:06 PM PDT by AZJeep (https://www.youtube.com/watch?v=O0AHGreco RomNQkryIIs)
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To: Lazamataz

While that may be true, there are non-trivial environmental issues with rare earth mining.

I still believe we can mine our own in an environmentally friendly way. But developing that and proving it and combating the envirowhackos is a challenge in the US.


31 posted on 10/24/2021 3:23:03 PM PDT by DannyTN
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To: BenLurkin
They may have to buy more Hunter paintings, though.

Not to mention more coke and underage Chinese hookers.

32 posted on 10/24/2021 3:25:53 PM PDT by Noumenon (Black flag American. KTF)
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To: ameribbean expat

Great....I’ve been feeling kinda low recently.


33 posted on 10/24/2021 3:28:29 PM PDT by Gay State Conservative (Covid Is All About Mail In Balloting)
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To: ifinnegan

Why is the number of $1.5B for 11M tons of ore so different?

Not a clue ... maybe the author of the piece had none either and pulled it out of his rump.


34 posted on 10/24/2021 3:31:50 PM PDT by PIF (They came for me and mine ... now its your turn)
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To: ameribbean expat

In 20 years the mine may open….


35 posted on 10/24/2021 3:32:09 PM PDT by wny ( )
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To: ameribbean expat

I doubt that the people of Maine are going to let this be mined.


36 posted on 10/24/2021 3:48:14 PM PDT by Vermont Lt
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To: All

There is a huge difference between lithium ore, lithium carbonate and lithium metal.

Lithium ‘ore’ could contain only 0.005% of actual lithium metal per ton, and all the rest useless gangue rock, or perhaps some useful industrial minerals, or even gemstones (Aquamarine, other gem beryls and gem tourmaline have been found around Newry, in the pegmatite deposits that also have lithium minerals.)

And then it takes over five pounds of lithium carbonate concentrate to make a pound of lithium.


37 posted on 10/24/2021 3:54:33 PM PDT by LegendHasIt
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To: PeterPrinciple

Or, as Congress says, “Chump change.” /s


38 posted on 10/24/2021 3:56:59 PM PDT by DennisR (Look around - God gives countless clues that He does, indeed, exist.)
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To: ameribbean expat

Oh I’m sure the environmentalists will tie it up in red tape
for thirty years.


39 posted on 10/24/2021 3:57:19 PM PDT by DoughtyOne (Democrats, fixing things that haven't been broken, so they don't work, for over 197 years.)
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To: ameribbean expat
"where swimmers can wade in shallow pools formed by hundreds of feet of cascading granite ledge."

Huh?🤪🤔

40 posted on 10/24/2021 3:59:11 PM PDT by Eagles6 (Welcome to the Matrix . Orwell's "1984" was a warning, not an instruction manual.)
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