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Fortune
Fortune
Jake Angelo

China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard

Lithium battery facility (Credit: Cristobal Olivares/Bloomberg via Getty Images)

Lithium is everywhere: It’s in the battery powering the device on which you’re reading this article. It powers electric vehicles (EVs). It’s in your headphones, your power tools, and your TV remote. In short, lithium powers modern life.

The ubiquity of the element is why the United States Geological Survey (USGS) deemed it a critical mineral in November. While the U.S. remains highly reliant on imports of lithium, a new report from the USGS found an estimated 2.3 million metric tons of the lithium oxide in Appalachia, enough to replace 328 years’ worth of U.S. imports at last year’s level.

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