On the outskirts of El Dorado — heart of Arkansas’ 1920s oil boom — a company backed by Koch Industries is looking to dramatically speed up extraction of a battery metal essential to weaning the world off fossil fuels, while proving naysayers wrong in the process. Standard Lithium is working on the breakthrough inside a white warehouse near a massive chemical factory run by Germany’s Lanxess that feeds brackish wastewater into the facility. A cluster of pipes and tanks in the demonstration plant turn brine into a lithium compound within days instead of the year or more that traditional recovery methods take.
On the outskirts of El Dorado — heart of Arkansas’ 1920s oil boom — a company backed by Koch Industries is looking to dramatically speed up extraction of a battery metal essential to weaning the world off fossil fuels, while proving naysayers wrong in the process.
All along the world’s EV supply chain, this new way of mining lithium is being touted as the solution for boosting output while protecting the environment. Billions of dollars are pouring in to what Goldman Sachs Group calls “potential game-changing technology,” much like shale’s disruptive impact on the oil industry.
Oil-and-gas heavyweights like Exxon Mobil Corp. are creating businesses to extract lithium from oil field brine. Rio Tinto Group, the world’s second-biggest miner, is testing extraction methods in Argentina, where it’s developing a lithium project. Meanwhile, Koch and Chinese EV giant BYD Co. are already marketing DLE technologies.
Bolivia and Chile are making DLE a requirement to tap their lithium riches, a significant move given that the former has the world’s largest potential deposits and the latter has the most economically mineable reserves. Joe Lowry, the veteran industry consultant dubbed Mr. Lithium, sees DLE as a technique to unlock new sources in North America. But in South America, it should be seen as a way to enhance rather than replace the evaporation method, he said, estimating that less than 15% of global output will be through DLE in the next decade.
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Piedmont receives repayment for NAL shipmentEmerging lithium miner Piedmont Lithium has received a $31.6-million partial prepayment for the sale of lithium concentrate from North American Lithium (NAL), bolstering its cash position to $100-million. The Nasdaq- and ASX-listed company received a $31.6-million partial prepayment for the sale 15 000 dry metric tons (dmt) of 5.4% Li2O lithium concentrate on a free-on-board vessel basis to a major international trading company.
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Sayona CEO resignation won’t impact flagship mine, partner saysThe abrupt departure of Sayona Mining’s top executive won’t impact its flagship lithium mine in Canada, according to top shareholder and operation co-owner Piedmont Lithium. Sayona said Monday that CEO Brett Lynch will leave immediately for “personal reasons” while its board will conduct a review of the Australian company’s strategic direction. Piedmont’s top executive said those developments won’t stop work at their jointly owned North American Lithium mine in Quebec, one of the few lithium mines in North America.
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Andrada confirms lithium mineralisation near Uis mineAim-listed tin and lithium developer Andrada Mining has confirmed the existence of continuous mineralisation at surface over a 6 km strike length at the ML133 mining licence area, or Lithium Ridge, located 35 km southeast of its Uis tin mine, in Namibia. The exploration programme on the licence area, which comprised 129 separate channel lines cut over 99 individual pegmatites, has aimed define the width and length of the mineralised trend and fill in data gaps between known lithium occurrences.
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Four students hospitalized in E. coli outbreak at the University of ArkansasHealth officials are investigating an outbreak of E
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Four students hospitalized in E. coli outbreak at the University of ArkansasHealth officials are investigating an outbreak of E.
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Four students hospitalized in E. coli outbreak at the University of ArkansasHealth officials are investigating an outbreak of E.
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