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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Guy Youngs
As Forecast and Technology Adoption Lead at Power Systems Research, Guy Youngs is responsible for PSR’s industry forecast and overseeing the rate of technology adoption of alternative power sources into the future outlook and technology mix. His duties include regular engagement with PSR’s global analyst team to ensure that our data and forecasts recognize industry changes towards alternative power sources. Guy received a BA with honors in Public Administration and Management from the University of Kent at Canterbury. Prior to joining PSR, Guy spent 11 years as a Market Intelligence Specialist for Perkins Engines Company, part of Caterpillar’s operations in the UK.