Find could point to new ways to prospect for material in high demand for batteries.

Lithium discovery in US volcano could be biggest deposit ever found::Find could point to new ways to prospect for material in high demand for batteries.

  • kava@lemmy.worldEnglish
    31·
    1 year ago

    If the mining company doesn’t make enough $$$ they won’t do it and will just go somewhere else that makes $$$. You cut out 50% profit and it makes it a pretty easy decision to avoid US mines and go to other countries.

    Ultimately they are for profit businesses that will focus their investment on where they can make the most profit. It’s sort of like how fracking for oil is only done once it reaches a certain price per barrel. Before a price point, it’s not profitable. After, it is.

    50% profit reduction is a huge decrease. Would make virtually any other mine in the world more profitable.

    • Cyberwitch_7493@lemmy.dbzer0.comEnglish
      2·
      1 year ago

      Eh, if they fail, that just means they don’t get to poison the earth and groundwater while stealing resources from the ground, sounds like a win-win to me.

      • kava@lemmy.worldEnglish
        1·
        1 year ago

        No, they still will. And we will still buy the lithium to run our phones and laptops.

        It’s just we will export the damage to 3rd world countries instead.

          • kava@lemmy.worldEnglish
            1·
            1 year ago

            That’s a noble sentiment, truly.

            So, let’s consider taking a stand by eliminating our use of products like lithium-ion batteries, laptops, electric cars, and all the myriad of devices that make our lives more convenient and connected. If we really want to inspire change, locally and globally, we should start by examining our own consumption habits, right?

            I trust you’ll lead the way by taking the first steps to eliminate your reliance on these technologies. It’s a tall order, but change has to start somewhere, doesn’t it?