Claim met with scepticism
Chinese state media has declared that China has rocketed to second place among the world's largest lithium reserve holders."The breakthrough resulted from significant discoveries along a 2800-kilometre West Kunlun-Songpan-Ganzi lithium belt in the country's west," state-owned daily tabloid Global Times said on January 8. The newspaper indicated that the lithium belt alone has cumulative proven reserves of more than 6.5 million tonnes, with the resource potential exceeding 30Mt.
"The lithium resources found in the Qinghai-Xizang Plateau's salt lakes have also seen substantial growth, positioning China as the third largest salt lake lithium resource base globally," it said. The newspaper also noted China's breakthroughs in extracting lithium from lepidolite, which has helped to flood the supply side of the global market, adding that the newly reported discoveries would help to reduce its reliance on foreign supplies. SP Angel wasn't so sure.
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