Company launches new lithium extraction technology in the US


FILE PHOTO: A portable and fully automated direct lithium extraction plant owned by International Battery Metals is seen in Lake Charles, Louisiana, U.S., May 23, 2023. REUTERS/Ernest Scheyder/File Photo

HOUSTON: International Battery Metals (Ibat) says it has launched its version of a novel type of lithium filtration technology, a move that could help usher in cheaper and faster supplies of the electric-vehicle (EV) battery metal.

At a site in rural Utah controlled by privately held US Magnesium, Ibat said last week it has started its own direct lithium extraction (DLE) technology and aims to ramp up production to an annual rate of nearly 5,000 tonnes within four weeks. Both companies declined to provide the current production rate.

Uh-oh! Daily quota reached.


Experience an ad-free unlimited reading on both web and app.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

lithium , EV , mining ,

   

Next In Business News

Malaysia's private non-financial sector's credit growth moderated to 4.8% in September
US tariffs on China to have mixed impact on Asean economies - OCBC
Minox International proposes 1-for-2 bonus issue of warrants
UBS posts bigger-than-expected net profit in third quarter
China and Hong Kong stocks drop as US election risks loom
StanChart third-quarter profit more than doubles on strong wealth growth, raises guidance
Bursa Malaysia's net profit jumps 42% to RM85.74mil in 3Q as ADV climbs
FBM KLCI slides as US election jitters mount
Australian dollar stuck near three-month lows on mixed inflation data
Axis-REIT raises RM449.73mil from private placement

Others Also Read