Iran Announces Discovery Of Large Lithium Deposit

Lithium has been dubbed the "oil of the 21st century." (file photo)

Iran has announced the discovery of a large deposit of lithium, a key component of batteries for electric vehicles and electronic devices, state media reported on March 4. "For the first time in Iran, a lithium reserve has been discovered in Hamedan," in the west of the country, state television quoted government official Mohammad Hadi Ahmadi as saying. This reserve is believed to hold "8.5 million tons" of lithium, according to the director-general of the ministry's operating department. Lithium has been dubbed the "oil of the 21st century." To read the original story by AFP, click here.