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China's lithium reserves, previously confined to a meager 6% of the global total, have surged to approximately 16.5% following the discovery of the Tibetan spodumene belt, estimated to contain around 30 million tons of lithium. Located in a region vital for energy refinement, this find positions China as the second-largest holder of lithium reserves, trailing only Chile, the globe’s foremost producer.
This monumental discovery not only enhances China's self-sufficiency in lithium production but also provides it the leverage to influence global prices. As electric vehicles gain traction amid a worldwide push for cleaner energy alternatives, China's newfound reserves place it in an advantageous position for ongoing and future industrial growth.