Chinese scientists have found a major lithium deposit in Southwest China’s Yunnan Province, estimated to contain more than 5 million tons.

There are approximately 40 million tons of proven lithium reserves in the world, the Xinhua News Agency’s Globe magazine reported.

A team led by research fellow Wen Hanjie from the Institute of Geochemistry under the Chinese Academy of Sciences found 340,000 tons of lithium oxide in a test site in central Yunnan.