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What Uses the Most Energy in Your Home?

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Warren Buffett describes his first rules of investing as: “Rule #1: Never lose money. Rule #2: Don’t forget rule #1”.

But losing money doesn’t just happen in a stock portfolio – it’s also a common occurrence in other facets of life. That’s why Warren Buffett leads such a frugal lifestyle. He knows that every extra dollar spent on something he doesn’t need is wasted capital.

In practically every house in America, capital is being wasted on energy consumption. That’s because the average electricity spend per year is $1,368.36 per year, and 35% of the power used is actually wasted.

This is neither good for your bank account or the environment.

What Uses the Most Energy in Your Home?

Today’s infographic from Connect4Climate shows the breakdown in the energy use of a typical home.

It highlights the average cost per year of different appliances, while also showing what uses the most energy over the course of the year.

What Uses the Most Energy in Your Home?

Modern comfort comes at a price, and keeping all those air conditioners, refrigerators, chargers, and water heaters going makes household energy the third-largest use of energy in the United States.

Here’s what uses the most energy in your home:

  1. Cooling and heating: 47% of energy use
  2. Water heater: 14% of energy use
  3. Washer and dryer: 13% of energy use
  4. Lighting: 12% of energy use
  5. Refrigerator: 4% of energy use
  6. Electric oven: 3-4% of energy use
  7. TV, DVD, cable box: 3% of energy use
  8. Dishwasher: 2% of energy use
  9. Computer: 1% of energy use

One of the easiest ways to reduce wasted energy and money? Shut off “vampire electronics”, or devices that suck power even when they are turned off. These include digital cable or satellite DVRs, laptop computers, printers, DVD players, central heating furnaces, routers and modems, phones, gaming consoles, televisions, and microwaves.

Warren Buffett would probably agree that a penny saved is a penny earned – and being more efficient with your energy use is good for your pocketbook and the environment.

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Ranked: The World’s Largest Lithium Producers in 2023

Three countries account for almost 90% of the lithium produced in the world.

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Voronoi graphic showing the top lithium producers in 2023.

The World’s Largest Lithium Producers in 2023

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Three countries—Australia, Chile, and China—accounted for 88% of lithium production in 2023.

In this graphic, we list the world’s leading countries in terms of lithium production. These figures come from the latest USGS publication on lithium statistics (published Jan 2024).

Australia Leads, China Approaches Chile

Australia, the world’s leading producer, extracts lithium directly from hard-rock mines, specifically from the mineral spodumene.

The country saw a big jump in output over the last decade. In 2013, Australia produced 13,000 metric tons of lithium, compared to 86,000 metric tons in 2023.

RankCountryLithium production 2023E (metric tons)
1🇦🇺 Australia86,000
2🇨🇱 Chile44,000
3🇨🇳 China33,000
4🇦🇷 Argentina9,600
5🇧🇷 Brazil4,900
6🇨🇦 Canada3,400
7🇿🇼 Zimbabwe3,400
8🇵🇹 Portugal380
🌍 World Total184,680

Chile is second in rank but with more modest growth. Chilean production rose from 13,500 tonnes in 2013 to 44,000 metric tons in 2023. Contrary to Australia, the South American country extracts lithium from brine.

China, which also produces lithium from brine, has been approaching Chile over the years. The country increased its domestic production from 4,000 metric tons in 2013 to 33,000 last year.

Chinese companies have also increased their ownership shares in lithium producers around the globe; three Chinese companies are also among the top lithium mining companies. The biggest, Tianqi Lithium, has a significant stake in Greenbushes, the world’s biggest hard-rock lithium mine in Australia.

Argentina, the fourth country on our list, more than tripled its production over the last decade and has received investments from other countries to increase its output.

With all the top producers increasing output to cover the demand from the clean energy industry, especially for electric vehicle (EV) batteries, the lithium market has seen a surplus recently, which caused prices to collapse by more than 80% from a late-2022 record high.

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