Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices

The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...

23 september 2024

Vladimir Pilyushin: The jewelry market is not stand-alone and moves by the same laws as other markets

Vladimir Pilyushin is editor-in-chief of Russian Jeweler, a leading magazine about the jewelry industry in Russia. He told Rough&Polished about his view on the evolution of the jewelry industry in Russia and touched upon some of its problems.

16 september 2024

A giant lithium deposit discovered in the U.S.

10 january 2024

The largest lithium deposit on Earth is probably located at the junction of the states of Nevada and Oregon (USA).

The gismeteo.ru news portal reports that, according to recent estimates, there are deposits of 40 million metric tons of lithium under the caldera of the McDermitt supervolcano. The area of the caldera is about 1,575 square kilometers.

If the examination of the deposits confirms the assumptions of experts, the deposit will receive the status of the largest on the planet, ahead of the Bolivian ones containing 25 million tons of lithium.

According to scientists, the discovery has significant significance for the global lithium market and will affect prices, logistical security and geopolitics.

According to a study conducted by the Lithium Americas Corporation, lithium deposits under the caldera were formed after an eruption that occurred approximately 16.4 million years ago. Later on, the minerals rose to the surface from the depths, forming a rich scattering of smectite clays with a high concentration of lithium.

Alex Shishlo for Rough&Polished