Fool’s Gold May Be Worth More than Previously Believed

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In our childhood, many of us would have found iron pyrites and mistakenly believed it was gold. The disappointment of finding out it was Fools Gold may be over. Fool’s gold could kick off this century’s ‘gold rush’ after scientists discovered it contains lithium.

Scientists at West Virginia University discovered a surprising amount of lithium in 15 rock samples of iron pyrite.

Source: Daily Mail (via MSN): Read The Article

PSR Analysis: Sulphur-rich pyrite doesn’t require as many resources during the extraction process which means its environmental impact is much lower than the lithium-ion alternative. And fool’s gold is found in quartz veins that is mined throughout the world, which means there could be much more lithium hiding through the world than was originally thought.   PSR

Guy Youngs is Forecast & Adoption Lead at Power Systems Research


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