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Stock impact report

How oil-rich Arkansas became a hotbed of lithium mining [CNBC]

Standard Lithium Ltd. Common Shares (SLI) 
NASDAQ:AMEX Investor Relations: annualreports.com/company/sl-industries-inc
Company Research Source: CNBC
This comes at a time when global demand for lithium, driven by electric vehicles and energy-storage needs, continues to grow. In 2023, global lithium consumption reached 180,000 metric tons, up from 142,000 metric tons in 2022, according to the United States Geological Survey. But the U.S. produces less than 1% of the world's supply. While most of the world's lithium still comes from countries like Australia, Chile and China, Arkansas could change that. The state is home to the Smackover Formation, a geological formation rich in lithium brine. “Lithium resource quality is really what makes this a great region,” said Wesley Hamilton, CTO and vice president of research and technology at Albemarle, the world's top lithium producer. “It comes down to two things: the concentration of lithium and the ability to extract it efficiently from the brine.” Arkansas has long been a producer of bromine, which is extracted from the same brines now being tapped for lithium. The formation hol Show less Read more
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