CHARTS: EV battery metals bill sets new low as lithium, nickel, cobalt price slump continues
The raw materials bill for the average EV is now down to $510 compared to a peak of more than $1,900 at the beginning of last year.
Precision Periodic, a company based at the University of Central Florida’s Business Incubator Program, was successful in extracting and separating rare earth elements out of both phosphoric acid and the resulting waste using a reusable nano-filtration system called Thor.
The filter captured 40-60% of the REE and radioactive elements in a five-minute single pass-through
In a press release, the startup said that to run the experiment, the Florida Industrial and Phosphate Research Institute provided then with two different source liquids. The first was wet-process phosphoric acid, which contained radioactive elements and the second was a sulfuric acid leach liquid of the sludge waste.
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The filter can handle up to 9,000 gallons an hour, which means that it can hold from .5 to 1.2 kilograms of rare earth elements, precious metals, or heavy metals.
“The successful test projects proved that the Thor nano-filtration technology could be a game-changer for US production of its own rare earth elements supply,” Brian Andrew, CEO of Precision Periodic, said in the media statement.
Map of major producing mines and mine development projects of minerals used in Lithium Ion Batteries. Commodities include Lithium, Graphite and Cobalt. Map includes locations of 240+ producing mines, 45 development projects, 110+ projects in economic assessment, and 40 suspended mines.
Andrew added that the phosphoric acid contains 150 ppm of total rare
