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 . GOLMUD, China -- 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 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.