The problem with lithium discoveries

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[background music] Hello, folks. You're tuned into Finshots Daily. In today's episode, we explain why lithium discoveries don't immediately change much for the US. But here's a quick side note from Team Ditto before we begin. We are hosting a free two-day insurance masterclass that helps you build real financial security by understanding health and life insurance the right way. We have two sessions. That's on Tuesday, the 5th of May, and Wednesday, that is the 6th of May, both at 6:30 PM. If you'd like to register while the seats last, you can do so by heading to the link in the description and saving your spot. By the way, this session is completely free. All right, let's get on to today's story. Deep in the Appalachian Mountains, stretching across the Carolinas in the United States, lies a deposit that could power millions of electric vehicles. The US Geological Survey has found two point three million tons of recoverable lithium deposits in the region, and it's not just the US. A few years ago, India also made headlines after discovering lithium reserves in Jammu and Kashmir, estimated at around five point nine million tons. That figure put India on the global lithium map for a while. Similar announcements have come from parts of Europe, Africa, and South America, with Bolivia and Argentina sitting atop vast salt flats that together form what geologists call the lithium triangle, holding over half of the world's known reserves. On paper, this should change everything. After all, lithium is a critical ingredient in the lithium