Tesla consumes more lithium than four closest rivals combined
The company led by Elon Musk deployed 18,700 tonnes of lithium carbonate equivalent in the batteries of its newly sold passenger EVs in 2020.
The company led by Elon Musk deployed 18,700 tonnes of lithium carbonate equivalent in the batteries of its newly sold passenger EVs in 2020.
The company said it would resume expansions in the US and Argentina that had been paused last year.
According to EnergyX, the funding makes it the highest-valued direct lithium extraction technology company on the market.
Contracts tied to the battery metal are expected to make pricing more transparent.
Growing industry optimism from higher lithium prices is a change from last year when funding for mines and processing plants dried up during the pandemic.
Litus says its LiNC extraction solution is able to extract more lithium from brine sources than similar methods.
The Canadian company filed an application with the Provincial Mining Ministry of Catamarca for a drill permit for the Yergo lithium project.
The company started losing money in the third quarter of 2019 as lithium prices tanked amid oversupply.
Chilean regulators have settled a high stakes dispute, defusing a spat that may have led to the suspension of the company's permit to expand its operations.
The Canadian company said the pilot plant at the Pastos Grandes project produced lithium carbonate with a purity of 99.96% on the first run.