A remote salt lake in the Chinese inland province of Chaerhan Salt Lake is home to only about 2% of the country's lithium deposit. The metal is crucial for the development of electric vehicle (EV) batteries and Qinghai is the second richest country in terms of reserves, after Chile . The majority of its lithium can be found within salt sediment on the floor of Chaerhan Salt Lake . Companies such as major Mongolian EV maker Golmud have begun setting up factories in the area after securing a concession for recovering lithium.
A remote salt lake in the Chinese inland province of Qinghai is home to 83% of the country's lithium deposit. The metal is crucial for the development of electric vehicle (EV) batteries and China is the second richest country in terms of reserves, after Chile. The majority of its lithium can be found within salt sediment on the floor of Chaerhan Salt Lake. Companies such as major Chinese EV maker BYD have begun setting up factories in the area after securing a concession for recovering lithium.