A lithium deposit discovered in a volcanic crater along the Nevada-Oregon border may hold up to 40 million metric tons of the rare metal — possibly the largest ever in the world, which could have a massive impact on the electric vehicle industry, according to a new study.

The deposit hidden within the McDermitt Caldera is estimated to hold between 20 million and 40 million metric tons, which would be nearly double the current record of about 23 million metric tons found over the summer beneath a Bolivian salt flat.

It would also greatly boost America’s overall lithium reserves, which were previously estimated at a paltry 1 million metric tons.

Resource: nypost.com