Iron ore’s whitenuckle descent took a chunk out of the MINING.COM TOP 50 ranking of the world’s most valuable miners amid a continuing rally in uranium, coal and lithium prices.
Lilac is part of a growing number of technology developers seeking to extract lithium from saltwater brines faster, cheaper and with less water than evaporation ponds.
Demand for the material used in electric cars and renewable-energy storage has soared and, while miners are seeking to boost supply, there’s not enough to meet consumption.