Despite mineral’s price slump, Nevada still set up for a lithium boom, officials say

['Jeniffer Solis', 'More From Author', 'September', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width'] Nevada Current 2025-09-22 00:00:00

Joe Lombardo emphasized the importance of lithium for diversifying Nevada’s tourism-heavy economy at his second annual Nevada Lithium Summit Friday. Lithium prices have fallen more than 80% since their peak in 2022, reshaping market dynamics including in Nevada. Analysts expect lithium prices to remain volatile the remainder of the year. Growing battery storage demand has already boosted Nevada’s economy. Major tech companies are now also investing heavily in large AI-enabled data centers, and lithium battery storage will be a part of that, said Cage.