Lorándite was first discovered at the Allchar deposit ("Alshar" to some[14]), near Kavadarci and Mount Kozuf in 1894 and named after Loránd Eötvös, a prominent Hungarian physicist.[15][16] The Allchar deposit is now mined for thallium,[14] and is the site of more than 50 minerals. Allchar has been mined at least since the 15th century.[17]