Why is Iran launching a lithium battery plant in March?

The defense ministry launched Iran's largest plant for production of lithium battery packs in March to increase production capacity by 35% and to remove any need for imports of the product. Iran’s capacity for production of lithium batteries is expanding to help its electrification drive.

Can Iran make lithium batteries for electric vehicles?

Reza Shojaei, who serves as a deputy head at the Iranian defense ministry’s department for energy resources, said on Tuesday that Iran has the technology needed to design and manufacture lithium batteries that are used in electric vehicles.

Will Iran be the first entrant to lithium?

As the Middle East’s first entrant into lithium, all eyes will be on Iran. Finding lithium in the region indicates that the middle east mining sector may become a new and key player supplying battery metals and critical minerals contributing to the global battery and electric mobility ecosystem.

Does Iran have a tenth of the world's lithium supply?

With global Lithium reserves estimated at 89 million tons, Iran may possibly possess almost one tenth of the world’s Lithium supply.” Iran’s recent Lithium discovery will shift more attention to mining in the Middle East. Why?

Does Iran hold the second-largest lithium reserve in the world?

Should the 8.5 million-ton estimate be accurate, it may mean that Iran now holds the second-largest lithium reserve in the world. It will be the largest deposit outside of South America, second only to a 9.2-million-ton deposit in Chile.

Why should Iran invest in lithium?

Third, Iran can market it’s mineral potential to further attract foreign investment of hard currency into the economy from Lithium exploration. Fourth which holds wider geo-political importance, Iran may leverage Lithium to further enhance its Sino-Relations with China.